SF 611

as introduced - 83rd Legislature (2003 - 2004) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to education; expanding the list of eligible 
  1.3             charter school sponsors; amending Minnesota Statutes 
  1.4             2002, section 124D.10, subdivision 3.  
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  Minnesota Statutes 2002, section 124D.10, 
  1.7   subdivision 3, is amended to read: 
  1.8      Subd. 3.  [SPONSOR.] A school board; intermediate school 
  1.9   district school board; education district organized under 
  1.10  sections 123A.15 to 123A.19; charitable organization under 
  1.11  section 501(c)(3) of the Internal Revenue Code of 1986 that is a 
  1.12  member of the Minnesota council of nonprofits or the Minnesota 
  1.13  council on foundations, registered with the attorney general's 
  1.14  office, and reports an end-of-year fund balance of at least 
  1.15  $2,000,000; Minnesota private college that grants two- or 
  1.16  four-year degrees and is registered with the higher education 
  1.17  services office under chapter 136A; community college, state 
  1.18  university, or technical college, governed by the board of 
  1.19  trustees of the Minnesota state colleges and universities; or 
  1.20  the University of Minnesota may sponsor one or more charter 
  1.21  schools.  A nonprofit corporation subject to chapter 317A, 
  1.22  described in section 317A.905, and exempt from federal income 
  1.23  tax under section 501(c)(6) of the Internal Revenue Code of 
  1.24  1986, may sponsor one or more charter schools if the nonprofit 
  1.25  corporation has existed for at least 25 years.  
  2.1      [EFFECTIVE DATE.] This section is effective for the 
  2.2   2003-2004 school year and later.