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HF 3329

2nd Engrossment - 86th Legislature (2009 - 2010) Posted on 05/17/2010 03:20am

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

Bill Text Versions

Engrossments
Introduction Posted on 03/03/2010
1st Engrossment Posted on 05/16/2010
2nd Engrossment Posted on 05/17/2010

Current Version - 2nd Engrossment

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A bill for an act
relating to education finance; modifying the aid payment schedule for certain
charter schools; amending Minnesota Statutes 2008, section 127A.45, by adding
a subdivision; Minnesota Statutes 2009 Supplement, section 123B.54.

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

Section 1.

Minnesota Statutes 2009 Supplement, section 123B.54, is amended to read:


123B.54 DEBT SERVICE APPROPRIATION.

(a) deleted text begin$9,109,000 in fiscal year 2009, $7,948,000 in fiscal year 2010, $9,275,000 in
fiscal year 2011, $9,574,000
deleted text endnew text begin $16,900,000new text end in fiscal year 2012, and deleted text begin$8,904,000deleted text endnew text begin $19,175,000new text end
in fiscal year 2013 and later are appropriated from the general fund to the commissioner of
education for payment of debt service equalization aid under section 123B.53.

(b) The appropriations in paragraph (a) must be reduced by the amount of any
money specifically appropriated for the same purpose in any year from any state fund.

Sec. 2.

Minnesota Statutes 2008, section 127A.45, is amended by adding a subdivision
to read:


new text begin Subd. 6a. new text end

new text begin Cash flow adjustment. new text end

new text begin The board of directors of any charter school
serving fewer than 150 students where the percent of students eligible for special
education services equals 100 percent of the charter school's total enrollment may request
that the commissioner of education accelerate the school's cash flow under this section.
The commissioner must approve a properly submitted request within 30 days of its receipt.
The commissioner must accelerate the school's cash flow aid payments for all state aid
according to the schedule in the school's request and modify the payments to the school
under subdivision 3 accordingly. The commissioner must delay the special education aid
payments to all other school districts and charter schools in proportion to each district
or charter school's total share of regular special education aid such that the overall aid
payment savings from the aid payment shift remains unchanged for any fiscal year.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment
and applies to school district or charter school payments made on or after that date.
new text end