SF 343

as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 02:12am

A bill for an act
relating to education finance; expanding the alternative compensation revenue
program for school districts; increasing property tax levies; amending Minnesota
Statutes 2008, section 126C.10, by adding a subdivision.

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

Section 1.

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 Alternative teacher compensation long-term commitment levy.
new text end

new text begin For fiscal year 2011 and later, a school district with an approved plan under section
122A.414, subdivision 2b, for five or more continuous years may levy the alternative
teacher compensation long-term commitment levy. An eligible school district may levy an
amount up to $65 times its adjusted marginal cost pupil units for that year. The revenue
raised by this levy must be used for the purposes of the alternative teacher compensation
program under section 122A.414.
new text end