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HF 3518

as introduced - 89th Legislature (2015 - 2016) Posted on 04/06/2016 01:00pm

KEY: stricken = removed, old language.
underscored = added, new language.

Bill Text Versions

Engrossments
Introduction Posted on 03/23/2016

Current Version - as introduced

Line numbers 1.1 1.2 1.3 1.4 1.5
1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 1.14 1.15 1.16
1.17

A bill for an act
relating to education finance; fully funding unreimbursed special education
expenses; amending Minnesota Statutes 2015 Supplement, section 125A.79,
subdivision 5.

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

Section 1.

Minnesota Statutes 2015 Supplement, section 125A.79, subdivision 5,
is amended to read:


Subd. 5.

Excess cost aid.

For fiscal year 2016 and later, a district's excess cost
aid equals the greater of:

(1) deleted text begin 56 percent of the difference between (i)deleted text end new text begin the sum ofnew text end the district's unreimbursed
nonfederal special education expenditures and deleted text begin (ii) 7.0 percent of the product of the ratio of
$5,831 to the formula allowance for the prior year and the district's general revenue;
deleted text end

deleted text begin (2) 62 percent of the difference between (i)deleted text end the district's unreimbursed old formula
special education expenditures deleted text begin and (ii) 2.5 percent of the product of the ratio of $5,831 to
the formula allowance for the prior year and the district's general revenue
deleted text end ; or

deleted text begin (3)deleted text end new text begin (2) new text end zero.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for aid for fiscal year 2017 and later.
new text end