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SF 2826

as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

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A bill for an act
relating to education; modifying sponsor fees assessed to charter schools;
amending Minnesota Statutes 2006, section 124D.10, subdivision 15.

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

Section 1.

Minnesota Statutes 2006, section 124D.10, subdivision 15, is amended to
read:


Subd. 15.

Review and comment.

(a) The department must review and comment on
the evaluation, by the sponsor, of the performance of a charter school before the charter
school's contract is renewed for another contract term. The sponsor must submit to the
commissioner timely information for the review and comment.

(b) A sponsor shall monitor and evaluate the fiscal and student performance of the
school, and may for this purpose annually assess a charter schooldeleted text begin : (1) in its first, second,
or third year of operation up to $30 per student up to a maximum of $10,000; and (2) in its
fourth or a subsequent year of operation up to $10 per student up to a maximum of $3,500.
deleted text end new text begin
a fee of up to 1.5 percent of the general education revenue formula allowance. The
commissioner shall deduct the sponsor fee from the general education revenue payable to
the charter school and shall pay that amount directly to the applicable sponsor following
a process and timeline to be determined by the commissioner. The commissioner shall
charge a sponsor fee for the charter schools sponsored by the department as provided for
in this section. The sponsor shall utilize the revenue provided for in this section only
for the costs of sponsoring charter schools.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for fiscal year 2009 and later.
new text end