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HF 4058

as introduced - 93rd Legislature (2023 - 2024) Posted on 03/04/2024 04:35pm

KEY: stricken = removed, old language.
underscored = added, new language.
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A bill for an act
 relating to education finance; establishing general education disparity aid;
appropriating money; proposing coding for new law in Minnesota Statutes, chapter
126C.

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

Section 1.

new text begin [126C.127] GENERAL EDUCATION DISPARITY AID.
 new text end

new text begin (a) A school district's general education disparity aid allowance equals 0.37 times the
greater of:
 new text end

new text begin (1) zero; or
 new text end

new text begin (2) the difference between:
 new text end

new text begin (i) the amount of adjusted general education revenue per adjusted pupil unit for the
district at or immediately below the 20th percentile of districts; and
 new text end

new text begin (ii) the amount of adjusted general education revenue per adjusted pupil unit for the
district.
 new text end

new text begin (b) For fiscal year 2025 and later, a district's general education disparity aid equals its
general education disparity aid allowance times the adjusted pupil units.
 new text end

new text begin (c) For the purposes of this section, "adjusted general education revenue" includes the
district's general education revenue under section 126C.10, subdivision 1, and referendum
revenue under section 126C.17, subdivision 4.
 new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for revenue in fiscal year 2025 and later.
 new text end

Sec. 2. new text begin APPROPRIATION; GENERAL EDUCATION DISPARITY AID.
new text end

new text begin Subdivision 1. new text end

new text begin Department of Education. new text end

new text begin The sum indicated in this section is
appropriated from the general fund to the Department of Education in the fiscal year
designated.
 new text end

new text begin Subd. 2. new text end

new text begin General education disparity aid. new text end

new text begin For general education disparity aid under
Minnesota Statutes, section 126C.127:
 new text end

new text begin $
 new text end 		new text begin .......
 new text end 		new text begin .....
 new text end 		new text begin 2025
 new text end