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SF 3063

1st Engrossment - 86th Legislature (2009 - 2010) Posted on 05/05/2010 09:13am

KEY: stricken = removed, old language.
underscored = added, new language.
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A bill for an act
 relating to education finance; adjusting the alternative facilities bonding and
levy program to eliminate aid for certain districts; allowing Independent School
District No. 284, Wayzata, to participate in alternative facilities bonding and levy
program in fiscal year 2013 and later; amending Laws 1999, chapter 241, article
4, section 25; Laws 2009, chapter 96, article 4, section 12, subdivision 4.

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

Section 1.

Laws 1999, chapter 241, article 4, section 25, is amended to read:


Sec. 25. ALTERNATIVE FACILITIES REVENUE PROGRAM.

Subdivision 1.

[INDEPENDENT SCHOOL DISTRICT NO. 622, NORTH ST.
PAUL-MAPLEWOOD-OAKDALE.]

Independent school district No. 622, North St.
Paul-Maplewood-Oakdale, is eligible for the alternative facilities revenue program under
Minnesota Statutes, section 123B.59, for the purposes of financing school facilities
in the district.

Subd. 2.

Stillwater.

Independent school district No. 834, Stillwater, is eligible for
the alternative facilities revenue program under Minnesota Statutes, section 123B.59, for
the purposes of financing school facilities in the district.

new text begin Subd. 3. new text end

new text begin Independent School District No. 284, Wayzata. new text end

new text begin Independent School
District No. 284, Wayzata, is eligible for the alternative facilities revenue program under
Minnesota Statutes, section 123B.59, for the purposes of financing school facilities
in the district.
 new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for revenue for fiscal year 2013
and later.
 new text end

Sec. 2.

Laws 2009, chapter 96, article 4, section 12, subdivision 4, is amended to read:


Subd. 4.

Alternative facilities bonding aid.

For alternative facilities bonding aid,
according to Minnesota Statutes, section 123B.59, subdivision 1:

$
 19,287,000
 .....
 2010
$
 deleted text begin 19,287,000
 deleted text end new text begin 12,383,000
 new text end 		.....
 2011

The 2010 appropriation includes $1,928,000 for 2009 and $17,359,000 for 2010.

The 2011 appropriation includes $1,928,000 for 2010 and deleted text begin $17,359,000deleted text end new text begin $10,455,000new text end
for 2011.

Sec. 3. new text begin ALTERNATIVE FACILITIES AID REDUCTION.
new text end

new text begin Notwithstanding Minnesota Statutes, section 123B.59, subdivisions 6 and 7, for
fiscal year 2011 only, a school district that has authority to issue general obligations bonds
without voter approval, other than authority according to Minnesota Statutes, section
123B.59 or 475.51, and is not eligible for equity revenue under Minnesota Statutes,
section 126C.10, subdivision 24, paragraph (a), clause (2), is eligible for aid for bonding
debt service equal to the amount computed under Minnesota Statutes, section 123B.59,
subdivision 6, for the district's bonding debt service costs in fiscal year 2011 times 0.5. In
addition to levy authority granted under Minnesota Statutes, section 123B.59, for taxes
payable in 2011 only, a school district that previously received aid that was eliminated
under this section may levy an equal amount in taxes payable in 2011 and recognize
that revenue in fiscal year 2011.
 new text end