1.1 	A bill for an act
1.2 	relating to education finance; adjusting the special education percentage 
1.3 	eligibility requirement for a charter school to receive the accelerated aid payment 
1.4 	shift;amending Minnesota Statutes 2010, section 127A.45, subdivision 6a.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. Minnesota Statutes 2010, section 127A.45, subdivision 6a, is amended to 
1.7 	read:
1.8 		Subd. 6a.Cash flow adjustment. The board of directors of any charter school 
1.9 	serving fewer than 150 students where the percent of students eligible for special education 
1.10 	services equals 100 90 percent of the charter school's total enrollment may request that 
1.11 	the commissioner of education accelerate the school's cash flow under this section. The 
1.12 	commissioner must approve a properly submitted request within 30 days of its receipt. 
1.13 	The commissioner must accelerate the school's cash flow aid payments for all state aid 
1.14 	according to the schedule in the school's request and modify the payments to the school 
1.15 	under subdivision 3 accordingly. The commissioner must delay the special education aid 
1.16 	payments to all other school districts and charter schools in proportion to each district 
1.17 	or charter school's total share of regular special education aid such that the overall aid 
1.18 	payment savings from the aid payment shift remains unchanged for any fiscal year.

1.19 	EFFECTIVE DATE. This section is effective the day following final enactment.