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SF 1848

as introduced - 89th Legislature (2015 - 2016) Posted on 08/24/2015 10:27am

KEY: stricken = removed, old language.
underscored = added, new language.
Line numbers 1.1 1.2 1.3 1.4
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A bill for an act
relating to education finance; modifying certain general education finance
provisions; amending Minnesota Statutes 2014, section 126C.10, subdivision 13.

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

Section 1.

Minnesota Statutes 2014, section 126C.10, subdivision 13, is amended to
read:


Subd. 13.

Total operating capital revenue.

(a) Total operating capital revenue for a
district equals the amount determined under paragraph (b) or (c), plus deleted text begin $79deleted text end new text begin $106new text end times the
adjusted pupil units for the school year. The revenue must be placed in a reserved account
in the general fund and may only be used according to subdivision 14.

(b) Capital revenue for a district equals deleted text begin $109deleted text end new text begin $147new text end times the district's maintenance
cost index times its adjusted pupil units for the school year.

(c) The revenue for a district that operates a program under section 124D.128, is
increased by an amount equal to $31 times the number of adjusted pupil units served at the
site where the program is implemented.

new text begin EFFECTIVE DATE. new text end

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