HF 2792

as introduced - 89th Legislature (2015 - 2016) Posted on 03/10/2016 03:25pm

A bill for an act
relating to education finance; requiring public testimony before a school board
reauthorizes board-approved referendum revenue authority; requiring school
board approval of local optional revenue; amending Minnesota Statutes 2014,
sections 126C.10, subdivision 2e; 126C.17, subdivision 9a.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2014, section 126C.10, subdivision 2e, is amended to
read:

Subd. 2e.

Local optional revenue.

(a) Local optional revenue for a school district
new text begin with a board-approved plan new text end equals $424 times the adjusted pupil units of the district
for that school year.

(b) A district's local optional levy equals its local optional revenue times the lesser
of one or the ratio of its referendum market value per resident pupil unit to $510,000.
The local optional revenue levy must be spread on referendum market value. A district
may levy less than the permitted amount.

(c) A district's local optional aid equals its local optional revenue less its local
optional levy, times the ratio of the actual amount levied to the permitted levy.

new text begin (d) Beginning with revenue for the 2017-2018 school year, a school district is
eligible for local optional revenue under this subdivision only after the school board has
asked for public testimony and adopted a written plan describing the proposed uses of
the local optional revenue. A board-approved plan may be in place for no more than five
fiscal years, after which time a new plan must be adopted.
new text end

Sec. 2.

Minnesota Statutes 2014, section 126C.17, subdivision 9a, is amended to read:

Subd. 9a.

Board-approved referendum allowance.

Notwithstanding subdivision
9, a school district may convert up to $300 per adjusted pupil unit of referendum authority
from voter approved to board approved by a board vote. A district with less than $300 per
adjusted pupil unit of referendum authority after the local optional revenue subtraction
under subdivision 1 may authorize new referendum authority up to the difference between
$300 per adjusted pupil unit and the district's referendum authority. The board may
authorize this levy for up to five years deleted text begin and deleted text end new text begin . The board new text end may subsequently reauthorize that
authority deleted text begin in increments of up to deleted text end new text begin only after allowing public testimony on the authority and
adopting a written resolution extending the authority for a specified number of years,
not to exceed new text end five years.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective July 1, 2016.
new text end