MN SF2576

Increases the per-pupil building lease aid cap for charter schools from $1,314 to $1,606

Establishes automatic annual adjustments to the building lease aid amount starting in fiscal year 2026, tied to percentage increases in the state's general education formula allowance

Charter schools may apply for building lease aid when their operating capital revenue is insufficient to cover rent or lease costs for instructional facilities

Annual building lease aid cannot exceed 90% of approved costs or the per-pupil amount multiplied by the school's pupil units, whichever is less

Building lease aid remains restricted to facility lease costs only and cannot be used for custodial, maintenance, utility, or other operating expenses