2003 Minnesota Statutes

     126C.23 Allocation of general education revenue. 

    Subdivision 1.    Definitions.  For the purposes of this 
 section, "building" means education site as defined in section 
 123B.04, subdivision 1.  

    Subd. 2.    Building allocation.  A district must 
 initially allocate its general education and referendum revenue 
 to each building in the district where the children who have 
 generated the revenue are served.  General education and 
 referendum revenue generated by students served at sites not 
 owned and operated by the district must be allocated to a 
 separate account to be used for services for pupils who 
 generated the revenue. 

    Subd. 3.    Reallocation for expenditures.  A district 
 may, by board resolution, adjust the initial allocation so as to 
 expend revenue for any purpose including, but not limited to, 
 district services, revenues or other funds established, 
 reallocations among buildings and programs and, separately, the 
 costs of increases in compensation approved by the board for 
 teachers and other employees. 

    Subd. 4.    Separate accounts.  Each district shall 
 maintain separate accounts to identify revenues and expenditures 
 for each building. 

    Subd. 5.    Data reporting.  Each district must report 
 to the commissioner the actual amount of general education and 
 referendum revenue initially allocated to each building under 
 subdivision 2 and the amount of any reallocations under 
 subdivision 3 by January 30 of the next fiscal year. 

    HIST: 1999 c 249 s 23; 1Sp2001 c 6 art 1 s 35