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HF 947

as introduced - 90th Legislature (2017 - 2018) Posted on 02/22/2018 08:26am

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

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A bill for an act
relating to education finance; clarifying the calculation of general education aid;
amending Minnesota Statutes 2016, section 126C.13, subdivision 4.

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

Section 1.

Minnesota Statutes 2016, section 126C.13, subdivision 4, is amended to read:


Subd. 4.

General education aid.

For fiscal year 2015 and later, A district's general
education aid equals:

(1) general education revenue, excluding operating capital revenue, equity revenue, local
optional revenue, and transition revenue, minus the student achievement levy, multiplied
times the ratio of the actual amount of student achievement levy levied to the permitted
student achievement levy
; plus

(2) operating capital aid under section 126C.10, subdivision 13b;

(3) equity aid under section 126C.10, subdivision 30; plus

(4) transition aid under section 126C.10, subdivision 33; plus

(5) shared time aid under section 126C.10, subdivision 7; plus

(6) referendum aid under section 126C.17, subdivisions 7 and 7a; plus

(7) online learning aid under section 124D.096; plus

(8) local optional aid according to section 126C.10, subdivision 2d, paragraph (d).

EFFECTIVE DATE.

This section is effective for fiscal year 2019 and later.

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