SF 1950

as introduced - 87th Legislature (2011 - 2012) Posted on 02/21/2012 09:06am

A bill for an act
relating to education finance; authorizing school districts to replace special
education revenue lost to the statewide special education appropriations caps;
proposing coding for new law in Minnesota Statutes, chapter 125A.

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

Section 1.

new text begin [125A.795] SPECIAL EDUCATION PRORATION REPLACEMENT
REVENUE.
new text end

new text begin Subdivision 1. new text end

new text begin Revenue. new text end

new text begin A school district's special education proration replacement
revenue equals the sum of:
new text end

new text begin (1) the difference between its initial special education aid under section 125A.76,
subdivision 2, and its special education aid under section 125A.76, subdivision 5, for
that year; and
new text end

new text begin (2) the difference between the district's initial special education excess cost aid
under section 125A.79, subdivision 5, recalculated to reflect the computation of the
regular special education aid with no statewide appropriations cap, and the district's actual
excess cost aid for that year.
new text end

new text begin Subd. 2. new text end

new text begin Equalized levy. new text end

new text begin A district's special education equalized levy equals the
district's special education proration replacement revenue times the lesser of one or the
ratio of the district's referendum market value per resident marginal cost pupil unit to
$476,000.
new text end

new text begin Subd. 3. new text end

new text begin Equalized aid. new text end

new text begin A school district's special education equalized aid equals
the difference between its special education proration replacement revenue and its special
education equalized levy. If the district does not levy the entire amount permitted under
subdivision 2, the equalized aid must be reduced in proportion to the actual amount levied.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for revenue for fiscal years 2014
and later.
new text end