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SF 18

as introduced - 89th Legislature (2015 - 2016) Posted on 01/16/2015 09:18am

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

Current Version - as introduced

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A bill for an act
relating to education finance; establishing special technology revenue; providing
revenue authority to school districts, charter schools, intermediate districts, and
other cooperative units; proposing coding for new law in Minnesota Statutes,
chapter 125B.

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

Section 1.

new text begin [125B.30] SPECIAL TECHNOLOGY REVENUE.
new text end

new text begin Subdivision 1. new text end

new text begin Special technology revenue. new text end

new text begin (a) For fiscal year 2017 and later, a
school district or charter school is eligible to receive revenue under this section. Special
technology revenue equals $....... times the adjusted pupil units.
new text end

new text begin (b) A school district that is a member of an intermediate district or one or more other
cooperative units under section 123A.24, subdivision 2, may include in its authority under
this section an amount equal to $....... times the adjusted pupil units. Revenue raised under
this paragraph must be transferred to the intermediate school district or cooperative units.
new text end

new text begin Subd. 2. new text end

new text begin Special technology equalized levy for a school district. new text end

new text begin To obtain
revenue under this section, a school district may levy an amount not more than the product
of its special technology revenue for the fiscal year times the lesser of one or the ratio of
its adjusted net tax capacity per adjusted pupil unit in the year preceding the year the levy
is certified to 125 percent of the state average adjusted net tax capacity per adjusted pupil
unit in the year preceding the year the levy is certified.
new text end

new text begin Subd. 3. new text end

new text begin Special technology aid. new text end

new text begin (a) Special technology aid for a school district
equals its special technology revenue minus special technology levy times the ratio of the
actual amount levied to the permitted levy.
new text end

new text begin (b) Special technology aid for a charter school equals its special technology revenue.
new text end

new text begin Subd. 4. new text end

new text begin Special technology revenue uses. new text end

new text begin Revenue under this section may be used
only for purposes consistent with section 126C.10, subdivision 14, clauses (15), (18), (19),
(21), (23), and (24), or to purchase electronic textbooks.
new text end

new text begin EFFECTIVE DATE. new text end

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