SF 2231

as introduced - 90th Legislature (2017 - 2018) Posted on 03/24/2017 09:11am

A bill for an act
relating to education finance; clarifying transition revenue; amending Minnesota
Statutes 2016, section 126C.10, subdivisions 31, 32, 33.

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

Section 1.

Minnesota Statutes 2016, section 126C.10, subdivision 31, is amended to read:

Subd. 31.

Transition revenue.

(a) A district's transition allowance for fiscal year 2018
and later equals the sum of the its transition revenue the district would have received
allowance for fiscal year 2015 under Minnesota Statutes 2012, section 126C.10, subdivisions
31, 31a, and 31c, and the greater of zero or the difference between: 2017.

(1) the sum of:

(i) the general education revenue the district would have received for fiscal year 2015
according to Minnesota Statutes 2012, section 126C.10;

(ii) the integration revenue the district received for fiscal year 2013 under Minnesota
Statutes 2012, section 124D.86;

(iii) the pension adjustment the district would have received for fiscal year 2015 under
Minnesota Statutes 2012, section 127A.50;

(iv) the special education aid the district would have received for fiscal year 2015 under
Minnesota Statutes 2012, section 125A.76; and

(v) the special education excess cost aid the district would have received for fiscal year
2015 under Minnesota Statutes 2012, section 125A.79; and

(2) the sum of the district's:

(i) general education revenue for fiscal year 2015 excluding transition revenue under
this section;

(ii) achievement and integration revenue for fiscal year 2015 under section 124D.862;

(iii) special education aid for fiscal year 2015 under section 125A.76; and

(iv) alternative teacher compensation revenue for fiscal year 2015 under section
122A.415,

divided by the number of adjusted pupil units for fiscal year 2015.

(b) A district's transition revenue for fiscal year 2015 and later equals the product of the
district's transition allowance times and the district's adjusted pupil units.

Sec. 2.

Minnesota Statutes 2016, section 126C.10, subdivision 32, is amended to read:

Subd. 32.

Transition levy.

To obtain transition revenue for fiscal year 2015 and later,
a district may levy an amount not more than the product of its transition revenue for the
fiscal year times and the lesser of one or the ratio of its referendum market value per resident
pupil unit to $510,000.

Sec. 3.

Minnesota Statutes 2016, section 126C.10, subdivision 33, is amended to read:

Subd. 33.

Transition aid.

(a) For fiscal year 2004, a district's transition aid equals its
transition revenue.

(b) For fiscal year 2005 and later, A district's transition aid equals its transition revenue
minus its transition levy times the ratio of the actual amount levied to the permitted levy.