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SF 279

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

KEY: stricken = removed, old language.
underscored = added, new language.
Version List Authors and Status
Rtf

Current Version - as introduced

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A bill for an act
 relating to education finance; providing for a balance
requirement in general education revenue; amending
Minnesota Statutes 2004, section 126C.10, subdivision
1, by adding a subdivision.

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

Section 1.

Minnesota Statutes 2004, section 126C.10,
subdivision 1, is amended to read:


Subdivision 1.

General education revenue.

(a) For fiscal
year 2003, the general education revenue for each district
equals the sum of the district's basic revenue, basic skills
revenue, training and experience revenue, secondary sparsity
revenue, elementary sparsity revenue, transportation sparsity
revenue, total operating capital revenue, and equity revenue.

(b) For fiscal year 2004 and later, the general education
revenue for each district equals the sum of the district's basic
revenue, extended time revenue, basic skills revenue, training
and experience revenue, secondary sparsity revenue, elementary
sparsity revenue, transportation sparsity revenue, total
operating capital revenue, equity revenue, and transition
revenue.

new text begin (c) For fiscal year 2006 and later, the commissioner shall
adjust general education revenue, excluding referendum revenue,
for each district to meet the balance requirement of subdivision
34.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for revenue for
fiscal year 2006.
 new text end

Sec. 2.

Minnesota Statutes 2004, section 126C.10, is
amended by adding a subdivision to read:


new text begin Subd. 34.new text end

new text begin Balance requirement.new text end

new text begin The sum of a district's
general education revenue under subdivision 1, paragraph (b),
integration revenue under section 124D.86, and career and
technical revenue under section 126C.457 divided by its average
daily membership shall not exceed the greater of:
new text end

new text begin (1) the product of the formula allowance multiplied by 1.5;
or
new text end

new text begin (2) the sum of the district's fiscal year 2005 general
education revenue under subdivision 1, paragraph (b),
integration revenue under section 124D.86, and career and
technical revenue under section 126C.457 divided by its fiscal
year 2005 average daily membership.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for revenue for
fiscal year 2006.
 new text end