1.1 	A bill for an act
1.2 	relating to education finance; modifying certain general education finance 
1.3 	provisions;amending Minnesota Statutes 2014, section 126C.10, subdivision 13.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. Minnesota Statutes 2014, section 126C.10, subdivision 13, is amended to 
1.6 	read:
1.7 		Subd. 13.Total operating capital revenue. (a) Total operating capital revenue for a 
1.8 	district equals the amount determined under paragraph (b) or (c), plus $79 $106 times the 
1.9 	adjusted pupil units for the school year. The revenue must be placed in a reserved account 
1.10 	in the general fund and may only be used according to subdivision 14.
1.11 	(b) Capital revenue for a district equals $109 $147 times the district's maintenance 
1.12 	cost index times its adjusted pupil units for the school year.
1.13 	(c) The revenue for a district that operates a program under section 124D.128, is 
1.14 	increased by an amount equal to $31 times the number of adjusted pupil units served at the 
1.15 	site where the program is implemented.

1.16 	EFFECTIVE DATE. This section is effective for fiscal year 2016 and later.