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SF 2748

as introduced - 89th Legislature (2015 - 2016) Posted on 03/15/2016 11:38am

KEY: stricken = removed, old language.
underscored = added, new language.
Version List Authors and Status
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Current Version - as introduced

Line numbers 1.1 1.2 1.3 1.4
1.5 1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 1.14

A bill for an act
 relating to education finance; increasing school board-approved referendum
allowance; amending Minnesota Statutes 2014, section 126C.17, subdivision 9a.

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

Section 1.

Minnesota Statutes 2014, section 126C.17, subdivision 9a, is amended to
read:


Subd. 9a.

Board-approved referendum allowance.

Notwithstanding subdivision
9, a school district may convert up to deleted text begin $300deleted text end new text begin $424new text end per adjusted pupil unit of referendum
authority from voter approved to board approved by a board vote. A district with less
than deleted text begin $300deleted text end new text begin $424new text end per adjusted pupil unit of referendum authority after the local optional
revenue subtraction under subdivision 1 may authorize new referendum authority up to
the difference between deleted text begin $300deleted text end new text begin $424new text end per adjusted pupil unit and the district's referendum
authority. The board may authorize this levy for up to five years and may subsequently
reauthorize that authority in increments of up to five years.