HF 3329

1st Engrossment - 86th Legislature (2009 - 2010) Posted on 05/16/2010 03:38am

A bill for an act
relating to education finance; modifying the aid payment schedule for certain
charter schools; amending Minnesota Statutes 2008, section 127A.45, by adding
a subdivision.

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

Section 1.

Minnesota Statutes 2008, section 127A.45, is amended by adding a
subdivision to read:

new text begin Subd. 6a. new text end

new text begin Cash flow adjustment. new text end

new text begin The board of directors of any charter school
serving fewer than 150 students where the percent of students eligible for special
education services equals 100 percent of the charter school's total enrollment may request
that the commissioner of education accelerate the school's cash flow under this section.
The commissioner must approve a properly submitted request within 30 days of its receipt.
The commissioner must accelerate the school's cash flow aid payments for all state aid
according to the schedule in the school's request and modify the payments to the school
under subdivision 3 accordingly. The commissioner must delay the special education aid
payments to all other school districts and charter schools in proportion to each district
or charter school's total share of regular special education aid such that the overall aid
payment savings from the aid payment shift remains unchanged for any fiscal year.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment
and applies to school district or charter school payments made on or after that date.
new text end