MN SF17

Expands enhanced debt service equalization aid to include school districts that consolidate on or after July 1, 2021, if their consolidation plan identifies construction projects receiving positive review and comment.

Clarifies that cooperative units and joint powers districts may use long-term facilities maintenance revenue to pay lease costs for long-term maintenance projects completed by landlords, in addition to debt service and project costs.

Increases lease levy authority for school districts that are members of cooperative units or joint powers districts from $65 to allow costs associated with administrative and classroom space leases.

Modifies referendum equalization levy thresholds, increasing the first tier threshold from $567,000 to $650,000 per resident pupil unit and the second tier from $290,000 to $320,000 per resident pupil unit, effective fiscal year 2022.

Authorizes Independent School District No. 709, Duluth, to issue up to $31,500,000 in general obligation bonds to finance a school facility plan involving the sale of Historic Old Central High School and potential construction projects, with biennial reporting requirements beginning February 15, 2022.