SF 21

as introduced - 89th Legislature (2015 - 2016) Posted on 01/08/2015 04:01pm

A bill for an act
relating to education finance; reserving future increases in school endowment
fund apportionments for early learning programs; amending Minnesota Statutes
2014, section 127A.33.

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

Section 1.

Minnesota Statutes 2014, section 127A.33, is amended to read:

127A.33 SCHOOL ENDOWMENT FUND; APPORTIONMENT.

new text begin (a) new text end The commissioner shall apportion the school endowment fund semiannually on
the first Monday in March and September in each year, to districts whose schools have
been in session at least nine months. The apportionment shall be in proportion to each
district's adjusted average daily membership during the preceding year. The apportionment
shall not be paid to a district for pupils for whom tuition is received by the district.

new text begin (b) For a school district, not including a charter school, for fiscal year 2016 and later,
an amount equal to the greater of (1) zero, or (2) the total fiscal year apportionment per
prior year pupil in adjusted average daily membership minus $28.83 shall be reserved for
school readiness programs under section 124D.15.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective July 1, 2015.
new text end