Loading chat...

MN SF2805

Bill

Official Source

Status

Introduced

2/25/2010

Primary Sponsor

Ronald Latz

Click for details

Origin

Senate

86th Legislature 2009-2010

AI Summary

  • Amends Minnesota Statutes section 126C.17, subdivision 2, to modify the calculation of school district referendum allowance limits for fiscal years 2009 and later
  • Changes the inflationary increase calculation for fiscal years 2009-2011 by adding one-fourth of the percentage increase in the formula allowance for that year compared with fiscal year 2008
  • Establishes a new inflationary increase methodology for fiscal year 2011 and later that includes the percentage increase in the formula allowance for that year compared with fiscal year 2011
  • Maintains existing referendum allowance limit options including limits based on 26 percent of formula allowance or $1,294 times the inflationary increase, and special provisions for newly reorganized districts created after July 1, 2006

Legislative Description

School district referendum allowance limit increase

Last Action

Senate: Author added Latz

4/8/2010

Committee Referrals

Finance2/25/2010

Full Bill Text

No bill text available