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MN SF152
Bill
Status
6/19/2020
Primary Sponsor
Jason Rarick
Click for details
AI Summary
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Expands enhanced debt service equalization aid eligibility to include school districts that consolidate on or after July 1, 2021, if their consolidation plan identifies construction projects receiving positive review.
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Clarifies that cooperative units and joint powers districts may use long-term maintenance revenue to pay lease costs for leased facilities and to make debt service payments on bonds for long-term maintenance projects.
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Increases lease levy authority for school districts that are members of cooperative units from $65 to allow specification of which member districts levy for administrative and classroom space costs.
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Modifies referendum equalization levy thresholds, increasing first tier from $567,000 to $650,000 and second tier from $290,000 to $320,000 per pupil unit for fiscal year 2022 forward.
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Authorizes Independent School District No. 709, Duluth, to issue up to $31,500,000 in general obligation bonds for a facility plan including selling Historic Old Central High School and developing new administrative, transportation, and infrastructure projects.
Legislative Description
Consolidating school districts enhanced debt service equalization aid; long-term facilities maintenance revenue and capital levies allowed uses clarification; cooperative units member school districts lease levy authority increase; referendum equalization levy modification; independent school district #709, Duluth, levy transfer authority
Last Action
Referred to Rules and Administration
6/19/2020