Bill Text: MN SF2567 | 2013-2014 | 88th Legislature | Introduced
Bill Title: School districts location equity revenue eligibility expansion
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2014-03-12 - Referred to Finance [SF2567 Detail]
Download: Minnesota-2013-SF2567-Introduced.html
1.2relating to education finance; expanding school district eligibility for location
1.3equity revenue;amending Minnesota Statutes 2013 Supplement, section
1.4126C.10, subdivision 2e.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. Minnesota Statutes 2013 Supplement, section 126C.10, subdivision 2e,
1.7is amended to read:
1.8 Subd. 2e. Location equity revenue. (a) For a school district with any of its
1.9area located withinthe seven-county metropolitan area any of the Minnesota counties
1.10comprising the Minneapolis-St. Paul-Bloomington, MN-WI Metropolitan Statistical Area
1.11based on 2010 Census Bureau data and delineated in February 2013 by the federal Office
1.12of Management and Budget, location equity revenue equals $424 times the adjusted pupil
1.13units of the district for that school year.
1.14(b) For all other school districts with more than 2,000 pupils in adjusted average
1.15daily membership for the fiscal year ending in the year before the levy is certified, location
1.16equity revenue equals $212 times the adjusted pupil units of the district for that year.
1.17(c) A district's location equity levy equals its location equity revenue times the lesser
1.18of one or the ratio of its referendum market value per resident pupil unit to $510,000. The
1.19location equity revenue levy must be spread on referendum market value.
1.20(d) A district's location equity aid equals its location equity revenue less its location
1.21equity levy, times the ratio of the actual amount levied to the permitted levy.
1.22(e) A school district may elect not to participate in the location equity revenue
1.23program by a board vote taken prior to September 1 of the fiscal year before the fiscal year
1.24for which the decision not to participate becomes effective. The board resolution must
2.1state which fiscal years the district will not participate. A copy of the board resolution
2.2to not participate must be submitted to the commissioner.
2.3EFFECTIVE DATE.This section is effective for revenue for fiscal year 2015
2.4and later.
1.3equity revenue;amending Minnesota Statutes 2013 Supplement, section
1.4126C.10, subdivision 2e.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. Minnesota Statutes 2013 Supplement, section 126C.10, subdivision 2e,
1.7is amended to read:
1.8 Subd. 2e. Location equity revenue. (a) For a school district with any of its
1.9area located within
1.10comprising the Minneapolis-St. Paul-Bloomington, MN-WI Metropolitan Statistical Area
1.11based on 2010 Census Bureau data and delineated in February 2013 by the federal Office
1.12of Management and Budget, location equity revenue equals $424 times the adjusted pupil
1.13units of the district for that school year.
1.14(b) For all other school districts with more than 2,000 pupils in adjusted average
1.15daily membership for the fiscal year ending in the year before the levy is certified, location
1.16equity revenue equals $212 times the adjusted pupil units of the district for that year.
1.17(c) A district's location equity levy equals its location equity revenue times the lesser
1.18of one or the ratio of its referendum market value per resident pupil unit to $510,000. The
1.19location equity revenue levy must be spread on referendum market value.
1.20(d) A district's location equity aid equals its location equity revenue less its location
1.21equity levy, times the ratio of the actual amount levied to the permitted levy.
1.22(e) A school district may elect not to participate in the location equity revenue
1.23program by a board vote taken prior to September 1 of the fiscal year before the fiscal year
1.24for which the decision not to participate becomes effective. The board resolution must
2.1state which fiscal years the district will not participate. A copy of the board resolution
2.2to not participate must be submitted to the commissioner.
2.3EFFECTIVE DATE.This section is effective for revenue for fiscal year 2015
2.4and later.
