MN SF2180

Modifies long-term facilities maintenance revenue calculations for fiscal years 2017-2019 using per-pupil unit amounts of $193, $292, and $380 respectively, each multiplied by adjusted pupil units and building age ratio.

For fiscal year 2020 and later, allows school boards to approve any amount needed to finance the district's facilities plan, replacing the formula-based calculation.

Specifies that long-term facilities maintenance revenue may be used for deferred capital expenditures, facility accessibility improvements, health and safety projects, debt redemption for general obligation bonds, and prekindergarten facility remodeling.

Permits charter schools to use long-term facilities maintenance revenue for any purpose related to the school, with broader flexibility than traditional school districts.

Effective July 1, 2017, and applies to Minnesota Statutes section 123B.595 subdivisions 1 and 10.