Minnesota Legislature
SF 2231
as introduced - 90th Legislature (2017 - 2018) Posted on 03/24/2017 09:11am
Current Version - as introduced
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A bill for an act
relating to education finance; clarifying transition revenue; amending Minnesota
Statutes 2016, section 126C.10, subdivisions 31, 32, 33.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2016, section 126C.10, subdivision 31, is amended to read:
Subd. 31.
Transition revenue.
(a) A district's transition allowance new text begin for fiscal year 2018
and later new text end equals deleted text begin the sum of thedeleted text end new text begin itsnew text end transition deleted text begin revenue the district would have receiveddeleted text end new text begin
allowancenew text end for fiscal year deleted text begin 2015 under Minnesota Statutes 2012, section 126C.10, subdivisions
31, 31a, and 31c, and the greater of zero or the difference between:deleted text end new text begin 2017.
new text end
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(1) the sum of:
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(i) the general education revenue the district would have received for fiscal year 2015
according to Minnesota Statutes 2012, section 126C.10;
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(ii) the integration revenue the district received for fiscal year 2013 under Minnesota
Statutes 2012, section 124D.86;
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(iii) the pension adjustment the district would have received for fiscal year 2015 under
Minnesota Statutes 2012, section 127A.50;
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(iv) the special education aid the district would have received for fiscal year 2015 under
Minnesota Statutes 2012, section 125A.76; and
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(v) the special education excess cost aid the district would have received for fiscal year
2015 under Minnesota Statutes 2012, section 125A.79; and
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(2) the sum of the district's:
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(i) general education revenue for fiscal year 2015 excluding transition revenue under
this section;
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(ii) achievement and integration revenue for fiscal year 2015 under section 124D.862;
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(iii) special education aid for fiscal year 2015 under section 125A.76; and
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(iv) alternative teacher compensation revenue for fiscal year 2015 under section
122A.415,
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divided by the number of adjusted pupil units for fiscal year 2015.
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(b) A district's transition revenue deleted text begin for fiscal year 2015 and laterdeleted text end equals the product of the
district's transition allowance deleted text begin timesdeleted text end new text begin andnew text end the district's adjusted pupil units.
Sec. 2.
Minnesota Statutes 2016, section 126C.10, subdivision 32, is amended to read:
Subd. 32.
Transition levy.
To obtain transition revenue deleted text begin for fiscal year 2015 and laterdeleted text end ,
a district may levy an amount not more than the product of its transition revenue for the
fiscal year deleted text begin timesdeleted text end new text begin andnew text end the lesser of one or the ratio of its referendum market value per resident
pupil unit to $510,000.
Sec. 3.
Minnesota Statutes 2016, section 126C.10, subdivision 33, is amended to read:
Subd. 33.
Transition aid.
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(a) For fiscal year 2004, a district's transition aid equals its
transition revenue.
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deleted text begin (b) For fiscal year 2005 and later,deleted text end A district's transition aid equals its transition revenue
minus its transition levy times the ratio of the actual amount levied to the permitted levy.