MN SF1332

Amends Minnesota Statutes section 126C.10 to add "school options and advancement revenue" as a new component of general education revenue for school districts and charter schools, effective for fiscal year 2018 and later.

Establishes subdivision 38 to define school options and advancement revenue as the revenue allowance multiplied by adjusted pupil units for the school year.

Sets the revenue allowance amount for fiscal year 2018 and fiscal year 2019 and later to be determined (specific dollar amounts not filled in the bill as introduced).

Appropriates funds from the general fund to the Department of Education for general education aid in fiscal years 2018 and 2019, with allocations split between fiscal years 2017, 2018, and 2019 (specific amounts not specified).