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SF 604

as introduced - 89th Legislature (2015 - 2016) Posted on 02/06/2015 08:44am

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; creating a new source of state aid for school
districts with low general education revenue per pupil and low property wealth
per pupil; 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 Subdivision 1. new text end

new text begin Eligible districts. new text end

new text begin A school district, not including a charter school,
qualifies for general education disparity aid if (1) the district's adjusted net tax capacity per
adjusted pupil unit is less than the value of the district at or immediately below the 20th
percentile of districts, or (2) the district's referendum market value per resident pupil unit
is less than the value of the district at or immediately below the 20th percentile of districts.
new text end

new text begin Subd. 2. new text end

new text begin General education disparity aid. new text end

new text begin (a) A district's general education
disparity aid allowance equals 0.7 times the greater of:
new text end

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

new text begin (2) the difference between (i) the amount of general education revenue per adjusted
pupil unit under section 126C.10, not including referendum revenue, for the district at or
immediately below the 20th percentile of districts, and (ii) the amount of general education
revenue per adjusted pupil unit under section 126C.10, not including referendum revenue,
for the district.
new text end

new text begin (b) For fiscal year 2016 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 EFFECTIVE DATE. new text end

new text begin This section is effective for revenue in fiscal year 2016 and
later.
new text end

Sec. 2. new text begin APPROPRIATIONS.
new text end

new text begin Subdivision 1. new text end

new text begin Department of Education. new text end

new text begin The sums indicated in this section are
appropriated from the general fund to the Department of Education for the fiscal years
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 2016
new text end
new text begin $
new text end
new text begin .......
new text end
new text begin .....
new text end
new text begin 2017
new text end