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MN HF225

Bill

Official Source

Status

Introduced

1/20/2015

Primary Sponsor

Ryan Winkler

Click for details

Origin

House of Representatives

89th Legislature 2015-2016

AI Summary

  • Amends Minnesota Statutes section 127A.33 regarding school endowment fund apportionments distributed semiannually on the first Monday in March and September to school districts based on adjusted average daily membership
  • Requires school districts (excluding charter schools) to reserve future endowment fund increases for school readiness programs beginning in fiscal year 2016
  • Specifies the reserved amount equals the greater of zero or the total fiscal year apportionment per prior year pupil in adjusted average daily membership minus $28.83
  • Directs reserved funds to school readiness programs under Minnesota Statutes section 124D.15
  • Effective July 1, 2015

Legislative Description

School endowment fund apportionment future increases reserved for early learning programs.

Last Action

Introduction and first reading, referred to Education Innovation Policy

1/20/2015

Committee Referrals

Education Innovation Policy1/20/2015

Full Bill Text

No bill text available