1.1 	A bill for an act
1.2 	relating to education finance; increasing school board-approved referendum 
1.3 	allowance;amending Minnesota Statutes 2014, section 126C.17, subdivision 9a.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. Minnesota Statutes 2014, section 126C.17, subdivision 9a, is amended to 
1.6 	read:
1.7 		Subd. 9a.Board-approved referendum allowance. Notwithstanding subdivision 
1.8 	9, a school district may convert up to $300 $424 per adjusted pupil unit of referendum 
1.9 	authority from voter approved to board approved by a board vote. A district with less 
1.10 	than $300 $424 per adjusted pupil unit of referendum authority after the local optional 
1.11 	revenue subtraction under subdivision 1 may authorize new referendum authority up to 
1.12 	the difference between $300 $424 per adjusted pupil unit and the district's referendum 
1.13 	authority. The board may authorize this levy for up to five years and may subsequently 
1.14 	reauthorize that authority in increments of up to five years.