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SF 1719

as introduced - 89th Legislature (2015 - 2016) Posted on 03/13/2015 09:07am

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; increasing the statewide cap on basic alternative
teacher compensation aid; amending Minnesota Statutes 2014, section 122A.415,
subdivision 4.

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

Section 1.

Minnesota Statutes 2014, section 122A.415, subdivision 4, is amended to
read:


Subd. 4.

Basic alternative teacher compensation aid.

(a) deleted text begin For fiscal year 2015 and
later,
deleted text end The basic alternative teacher compensation aid for a school with a plan approved
under section 122A.414, subdivision 2b, equals 65 percent of the alternative teacher
compensation revenue under subdivision 1. The basic alternative teacher compensation
aid for an intermediate school district or charter school with a plan approved under section
122A.414, subdivisions 2a and 2b, if the recipient is a charter school, equals $260 times
the number of pupils enrolled in the school on October 1 of the previous year, or on
October 1 of the current year for a charter school in the first year of operation, times
the ratio of the sum of the alternative teacher compensation aid and alternative teacher
compensation levy for all participating school districts to the maximum alternative teacher
compensation revenue for those districts under subdivision 1.

(b) Notwithstanding paragraph (a) and subdivision 1, the state total basic alternative
teacher compensation aid entitlement must not exceed deleted text begin $75,636,000deleted text end new text begin $80,636,000new text end for fiscal
year deleted text begin 2015deleted text end new text begin 2016new text end and later. The commissioner must limit the amount of alternative teacher
compensation aid approved under this section so as not to exceed these limits.

new text begin EFFECTIVE DATE. new text end

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