SF 1580

as introduced - 90th Legislature (2017 - 2018) Posted on 03/02/2017 09:40am

A bill for an act
relating to education finance; extending the early repayment aid incentive to
Independent School District No. 36, Kelliher; appropriating money; amending
Laws 2016, chapter 189, article 30, section 25, subdivision 5.

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

Section 1.

Laws 2016, chapter 189, article 30, section 25, subdivision 5, is amended to
read:

Subd. 5.

Early repayment aid incentive.

(a) For incentive grants for a district that
repays the full outstanding original principal on its capital loan by November 30, 2016,
under Laws 2011, First Special Session chapter 11, article 4, section 8, as amended by this
act:

$

deleted text begin 2,200,000 deleted text end new text begin 2,350,000 new text end

.....

2017

(b) Of this amount, new text begin $150,000 is for a grant to Independent School District No. 36,
Kelliher; new text end $180,000 is for a grant to Independent School District No. 95, Cromwell; $495,000
is for a grant to Independent School District No. 299, Caledonia; $220,000 is for a grant to
Independent School District No. 306, Laporte; $150,000 is for a grant to Independent School
District No. 362, Littlefork; $650,000 is for a grant to Independent School District No. 682,
Roseau; and $505,000 is for a grant to Independent School District No. 2580, East Central.

(c) The grant may be used for any school-related purpose.

(d) The base appropriation for 2022 is zero.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end