1.1                          A bill for an act 
  1.2             relating to education finance; modifying the 
  1.3             alternative facilities program criteria; amending 
  1.4             Minnesota Statutes 2002, section 123B.59, subdivision 
  1.5             1. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  Minnesota Statutes 2002, section 123B.59, 
  1.8   subdivision 1, is amended to read: 
  1.9      Subdivision 1.  [TO QUALIFY.] An independent or special 
  1.10  school district qualifies to participate in the alternative 
  1.11  facilities bonding and levy program if the district has: 
  1.12     (1) more than 66 students per grade; 
  1.13     (2) over 1,850,000 square feet of space and the average age 
  1.14  of building space is 15 years or older or over ~~1,500,000~~ 
  1.15  1,300,000 square feet and the average age of building space is 
  1.16  35 years or older; 
  1.17     (3) insufficient funds from projected health and safety 
  1.18  revenue and capital facilities revenue to meet the requirements 
  1.19  for deferred maintenance, to make accessibility improvements, or 
  1.20  to make fire, safety, or health repairs; and 
  1.21     (4) a ten-year facility plan approved by the commissioner 
  1.22  according to subdivision 2. 
  1.23     <b>[EFFECTIVE DATE.]</b> This section is effective for taxes 
  1.24  payable in 2004.