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HF 2401

as introduced - 91st Legislature (2019 - 2020) Posted on 07/09/2019 01:46pm

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

Bill Text Versions

Engrossments
Introduction Posted on 03/12/2019

Current Version - as introduced

Line numbers 1.1 1.2 1.3 1.4
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A bill for an act
relating to education finance; modifying general education aid; amending Minnesota
Statutes 2018, section 126C.13, subdivision 4.

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

Section 1.

Minnesota Statutes 2018, section 126C.13, subdivision 4, is amended to read:


Subd. 4.

General education aid.

deleted text beginFor fiscal year 2015 and later,deleted text end A district's general
education aid equals:

(1) general education revenue, excluding operating capital revenue, equity revenue, local
optional revenue, and transition revenuedeleted text begin, minus the student achievement levy,deleted text end deleted text beginmultiplied
times the ratio of the actual amount of student achievement levy levied to the permitted
student achievement levy
deleted text end; plus

(2) operating capital aid under section 126C.10, subdivision 13b;

(3) equity aid under section 126C.10, subdivision 30; plus

(4) transition aid under section 126C.10, subdivision 33; plus

(5) shared time aid under section 126C.10, subdivision 7; plus

(6) referendum aid under section 126C.17, subdivisions 7 and 7a; plus

(7) online learning aid under section 124D.096; plus

(8) local optional aid according to section 126C.10, subdivision deleted text begin2ddeleted text endnew text begin 2enew text end, paragraph (d).