SF 2107

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to education finance; clarifying the types of
projects that are eligible for funding with the
alternative facilities bonding and levying program;
amending Minnesota Statutes 2004, section 123B.59,
subdivision 2.

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

Section 1.

Minnesota Statutes 2004, section 123B.59,
subdivision 2, is amended to read:

Subd. 2.

Facility plan.

(a) A district qualifying under
subdivision 1, paragraph (a), must have a ten-year facility plan
approved by the commissioner that includes an inventory of
projects and costs that would be eligible for:

(1) health and safety revenue, without restriction as to
project size;

(2) disabled access levy; and

(3) deferred capital expenditures and maintenance projects
necessary to prevent further erosion of facilities.

new text begin Deferred capital expenditures and maintenance projects
shall include, at a minimum, expenditures to repair or replace
buildings, grounds, and mechanical systems and equipment owned
or leased by the school district.
new text end

(b) A district qualifying under subdivision 1, paragraph
(b), must have a five-year plan approved by the commissioner
that includes an inventory of projects and costs for health and
safety projects with an estimated cost of $500,000 or more per
site that would qualify for health and safety revenue except for
the project size limitation in section 123B.57, subdivision 1,
paragraph (b).

(c) The school district must:

(1) annually update the plans;

(2) biennially submit a facility maintenance plan; and

(3) indicate whether the district will issue bonds to
finance the plan or levy for the costs.