HF 1024

as introduced - 90th Legislature (2017 - 2018) Posted on 02/09/2017 01:46pm

A bill for an act
relating to education finance; modifying the calculation of small schools revenue;
amending Minnesota Statutes 2016, section 126C.10, subdivision 2c.

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

Section 1.

Minnesota Statutes 2016, section 126C.10, subdivision 2c, is amended to read:

Subd. 2c.

Small schools revenue.

(a) A school district, not including a charter school,
is eligible for small schools revenue equal to the greater of the calculation under paragraph
(b) or (d).

(b) The product of:

(1) $544 the formula allowance under section 126C.10, subdivision 2, times 0.10;

(2) the greater of 750 or the district's adjusted pupil units for that year; and

(3) the greater of zero or the ratio of (i) 960 1,500 less the greater of 750 or the district's
adjusted pupil units for that year, to (ii) 960 1,500.

(c) For the purpose of revenue calculated under paragraph (d), "district" includes a
qualifying high school under subdivision 6 that is located in a district with at least two high
schools.

(d) The product of:

(1) $544 the formula allowance under section 126C.10, subdivision 2, times 0.10;

(2) the greater of 750 or the district's adjusted pupil units for that year; and

(3) the greater of zero or the ratio of (i) 960 1,500 less the greater of 750 or the district's
adjusted pupil units for that year, to (ii) 960 1,500.

EFFECTIVE DATE.

This section is effective for revenue in fiscal year 2018 and later.