MN HF3064

Allows school districts to apply to the commissioner for permission to levy additional capital expenditure funds when operating capital revenue is insufficient for leasing buildings or land for instructional purposes or school storage and furniture repair.

Sets approval criteria including reasonableness of price, appropriateness of space, feasibility of pupil transportation, conformity with state laws, and district financial condition, with levies capped at actual rental or lease costs.

Prohibits districts from levying for leasing newly constructed buildings or large additions used for regular K-12 instruction after July 1, 1997, except under specific circumstances meeting commissioner criteria including enrollment growth and long-term public interest.

Establishes a total annual levy cap of $150 times the resident pupil units for the fiscal year and requires lease agreements to include provisions allowing school districts to terminate annually without penalty.

Permits intermediate school district member districts to levy up to $43 times adjusted marginal cost pupil units for administrative and classroom space leases, and allows Technology and Information Education Systems member districts to levy for staff development building leases and building repairs or reconstruction.