Bill Text: MN HF3185 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Location equity revenue school district eligibility expanded.
Spectrum: Slight Partisan Bill (Republican 3-1)
Status: (Introduced - Dead) 2014-03-20 - Authors added O'Neill and McDonald [HF3185 Detail]
Download: Minnesota-2013-HF3185-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 area
1.9located within the seven-county metropolitan area or any of its area in the Minneapolis-St.
1.10Paul-Bloomington, MN-WI Metropolitan Statistical Area delineated by the federal Office
1.11of Management and Budget, location equity revenue equals $424 times the adjusted pupil
1.12units of the district for that school year.
1.13(b) For all other school districts with more than 2,000 pupils in adjusted average
1.14daily membership for the fiscal year ending in the year before the levy is certified, location
1.15equity revenue equals $212 times the adjusted pupil units of the district for that year.
1.16(c) A district's location equity levy equals its location equity revenue times the lesser
1.17of one or the ratio of its referendum market value per resident pupil unit to $510,000. The
1.18location equity revenue levy must be spread on referendum market value.
1.19(d) A district's location equity aid equals its location equity revenue less its location
1.20equity levy, times the ratio of the actual amount levied to the permitted levy.
1.21(e) A school district may elect not to participate in the location equity revenue
1.22program by a board vote taken prior to September 1 of the fiscal year before the fiscal year
1.23for 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 area
1.9located within the seven-county metropolitan area or any of its area in the Minneapolis-St.
1.10Paul-Bloomington, MN-WI Metropolitan Statistical Area delineated by the federal Office
1.11of Management and Budget, location equity revenue equals $424 times the adjusted pupil
1.12units of the district for that school year.
1.13(b) For all other school districts with more than 2,000 pupils in adjusted average
1.14daily membership for the fiscal year ending in the year before the levy is certified, location
1.15equity revenue equals $212 times the adjusted pupil units of the district for that year.
1.16(c) A district's location equity levy equals its location equity revenue times the lesser
1.17of one or the ratio of its referendum market value per resident pupil unit to $510,000. The
1.18location equity revenue levy must be spread on referendum market value.
1.19(d) A district's location equity aid equals its location equity revenue less its location
1.20equity levy, times the ratio of the actual amount levied to the permitted levy.
1.21(e) A school district may elect not to participate in the location equity revenue
1.22program by a board vote taken prior to September 1 of the fiscal year before the fiscal year
1.23for 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.
