SF 2405

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

A bill for an act
relating to education finance; extending the sparsity revenue guarantee to all
qualifying school districts; amending Minnesota Statutes 2009 Supplement,
section 126C.10, subdivision 8a.

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

Section 1.

Minnesota Statutes 2009 Supplement, section 126C.10, subdivision 8a,
is amended to read:

Subd. 8a.

Sparsity revenue for school districts that close facilities.

new text begin (a) new text end A school
district that closes a school facility is eligible for elementary and secondary sparsity
revenue equal to the greater of the amounts calculated under subdivisions 6, 7, and 8 or
the total amount of sparsity revenue for the previous fiscal year if the school board of the
district has adopted a written resolution stating that the district intends to close the school
facility, but cannot proceed with the closure without the adjustment to sparsity revenue
authorized by this subdivision. The written resolution must be filed with the commissioner
of education at least 60 days prior to the start of the fiscal year for which aid under this
subdivision is first requested.

new text begin (b) Notwithstanding the timelines and requirement for the board to adopt a written
resolution under paragraph (a), any school district that closed a facility eligible for
sparsity revenue at the end of the 2008-2009 school year qualifies for the sparsity revenue
adjustment contained in this subdivision.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment
for revenue for fiscal years 2010 and later.
new text end