Minnesota Legislature
SF 676
as introduced - 89th Legislature (2015 - 2016) Posted on 03/10/2015 09:17am
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A bill for an act
relating to education finance; making charter schools and the Crosswinds
Integration Magnet School eligible to generate small schools revenue; amending
Minnesota Statutes 2014, sections 124D.11, subdivision 1; 126C.10, subdivision
2c.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2014, section 124D.11, subdivision 1, is amended to read:
Subdivision 1.
General education revenue.
General education revenue must be
paid to a charter school as though it were a district. The general education revenue for each
adjusted pupil unit is the state average general education revenue per pupil unit, plus the
referendum equalization aid allowance in the pupil's district of residence, minus an amount
equal to the product of the formula allowance according to section 126C.10, subdivision
2, times .0466, calculated without new text begin small schools revenue, new text end declining enrollment revenue,
local optional revenue, basic skills revenue, extended time revenue, pension adjustment
revenue, transition revenue, and transportation sparsity revenue, plus new text begin small schools
revenue, new text end declining enrollment revenue, basic skills revenue, extended time revenue,
pension adjustment revenue, and transition revenue as though the school were a school
district. The general education revenue for each extended time pupil unit equals $4,794.
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective for revenue in fiscal year 2016 and
later.
new text end
Sec. 2.
Minnesota Statutes 2014, section 126C.10, subdivision 2c, is amended to read:
Subd. 2c.
Small schools revenue.
(a) A school districtdeleted text begin , not including a charter
school,deleted text end is eligible for small schools revenue equal to the greater of the calculation under
paragraph (b) or (d).
(b) The product of:
(1) $544;
(2) the district's adjusted pupil units for that year; and
(3) the greater of zero or the ratio of (i) deleted text begin 960deleted text end new text begin the small schools thresholdnew text end less the
district's adjusted pupil units for that year, to (ii) deleted text begin 960deleted text end new text begin the small schools thresholdnew text end .
(c) For the purpose of revenue calculated under paragraph (d), "district" includes a
qualifying high school under subdivision 6 that is located in a district with at least two
high schools.
(d) The product of:
(1) $544;
(2) the district's adjusted pupil units for that year; and
(3) the greater of zero or the ratio of (i) deleted text begin 960deleted text end new text begin the small schools thresholdnew text end less the
district's adjusted pupil units for that year, to (ii) deleted text begin 960deleted text end new text begin the small schools thresholdnew text end .
new text begin
(e) The small schools threshold equals 960 for a school district and 200 for a charter
school or the Crosswinds Integration Magnet School.
new text end
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective for revenue in fiscal year 2016 and
later.
new text end