1.1To: Senator Cohen, Chair
1.2Committee on Finance
1.3Senator Wiger,
1.4Chair of the E-12 Education Division, to which was referred
1.5S.F. No. 2247: relating to education finance; taxation; minerals;
1.6encouraging cooperatively authorized secondary programs; expanding cooperation aid;
1.7imposing an excise tax on royalties; allowing an income and corporate franchise tax
1.8credit; increasing the taconite production tax rate; modifying the distribution of production
1.9taxes; providing security for payment of certain school bonds; authorizing uses of the
1.10Douglas J. Johnson economic protection trust fund; establishing a trust account to
1.11finance school facilities on the Iron Range; authorizing the sale and issuance of state
1.12bonds; appropriating money;amending Minnesota Statutes 2012, sections 123A.442, by
1.13adding a subdivision; 123A.485; 123A.64; 290.01, by adding a subdivision; 290.06, by
1.14adding a subdivision; 290.62; 290.923, by adding a subdivision; 298.28, subdivision
1.1511, by adding a subdivision; Minnesota Statutes 2013 Supplement, sections 123B.53,
1.16subdivision 1; 126C.48, subdivision 8; 290.10, subdivision 1; 298.292, subdivision 2;
1.17Laws 2013, chapter 116, article 1, section 58, subdivision 5; proposing coding for new
1.18law in Minnesota Statutes, chapters 123A; 290; 298; repealing Minnesota Statutes 2012,
1.19section 290.923, subdivision 1.
1.20Reports the same back with the recommendation that the bill be amended as follows:
1.21Page 3, after line 2, insert:
1.22    "Subd. 9. Election. A district entering into a joint powers agreement under this
1.23section may conduct a referendum seeking approval for a new facility. This election may
1.24be held separately or at the same time as a bond election under subdivision 8. If the
1.25election is held at the same time, the questions may be asked separately or as a conjunctive
1.26question. The question must be approved by a majority of those voting on the question.
1.27If asked separately and the question fails, a district may not proceed with the sale of
1.28bonds according to subdivision 8."
1.29Page 3, line 25, strike "The number of pupil units used to calculate aid"
1.30Page 3, line 27, delete "under this section must not exceed 2,000."
1.31Page 5, line 13, after "excluding" insert "both"
1.32Page 5, line 15, delete "including" and insert "and"
1.33Page 6, line 7, delete "section" and insert "sections" and after "298.301" insert
1.34"and 298.292, subdivision 2, clause (6),"
1.35Page 7, line 19, delete ", subdivision 1"
1.36Page 9, line 15, delete "2014" and insert "2013"
1.37Page 12, line 11, after "buildings" insert ", technology improvements," and after
1.38"other" insert "major"
1.39Page 12, line 16, after "$600,000" insert "applied to debt service amounts currently
1.40incurred or future amounts for a period not to exceed ten years"
1.41Page 12, line 17, after "$1,500,000" insert "for a period not to exceed 15 years"
2.1Page 12, line 18, delete "$5,000,000" and insert "$5,500,000 for a period not to
2.2exceed 20 years"
2.3Page 12, delete lines 19 to 21 and insert:
2.4    "(b) the amounts in paragraph (a), clause (3) may be reallocated to the remaining
2.5districts approving bond issues if the voters of Independent School District No. 706.
2.6Virginia, fail to approve a bond election for a cooperative high school, according to the
2.7terms of the joint powers agreement entered into under section 123A.482."
2.8Page 12, before line 22, insert:
2.9    "Subd. 3. Payment adjustment. The commissioner of the Iron Range Resources
2.10and Rehabilitation Board, with the approval of the board, may adjust the payments to a
2.11district specified in subdivision 2 if the recipient district presents to the commissioner an
2.12initial bond repayment schedule or a revised bond replacement schedule that necessitates a
2.13different payment amount."
2.14Page 12, line 22, delete "3" and insert "4"
2.15And when so amended that the bill be recommended to pass and be referred to
2.16the full committee.
..... 2.17
2.18(Division Chair)
2.19March 12, 2014 .....
2.20(Date of Division recommendation)