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SF 2331

as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 11:36pm

KEY: stricken = removed, old language.
underscored = added, new language.
Version List Authors and Status
Rtf

Current Version - as introduced

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A bill for an act
 relating to education; providing for explosive growth revenue; amending Minnesota Statutes 2008, section 126C.10, subdivision 1, by adding a subdivision.

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

Section 1.

Minnesota Statutes 2008, section 126C.10, subdivision 1, is amended to read:


Subdivision 1.

General education revenue.

For fiscal year deleted text begin 2006deleted text end new text begin 2012new text end and later,
the general education revenue for each district equals the sum of the district's basic
revenue, extended time revenue, gifted and talented revenue, basic skills revenue, training
and experience revenue, secondary sparsity revenue, elementary sparsity revenue,
transportation sparsity revenue, total operating capital revenue, equity revenue, alternative
teacher compensation revenue, deleted text begin anddeleted text end transition revenuenew text begin , and explosive growth revenuenew text end .

Sec. 2.

Minnesota Statutes 2008, section 126C.10, is amended by adding a subdivision
to read:


new text begin Subd. 37. new text end

new text begin Explosive growth revenue. new text end

new text begin A district's explosive growth revenue equals
the product of $500 times the adjusted marginal cost pupil units for the school year if:
 new text end

new text begin (1) the district had a four percent or greater increase in its average daily membership
between fiscal years 2001 and 2009;
 new text end

new text begin (2) the total increase in the district's average daily membership between fiscal years
2001 and 2009 exceeds 2,900;
 new text end

new text begin (3) the district has 50 percent or more of its local levy dedicated to debt service
in the previous year; and
 new text end

new text begin (4) the district is locally taxing at a rate equal to 40 percent or more of its adjusted
net tax capacity each year.
 new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective July 1, 2011.
 new text end