Bill > SF2941

This bill amends existing education finance law to specifically allow Independent School District No. 720 in Shakopee to qualify for the alternative facilities revenue program, which provides funding for school facility maintenance and improvements. Currently, only Independent School District No. 284 in Wayzata has this eligibility. The bill extends the same authorization to the Shakopee school district, enabling them to access long-term facilities maintenance revenue starting in fiscal year 2027. This means the Shakopee school district will be able to receive state funding to support critical infrastructure and maintenance needs for their school buildings, which can include repairs, renovations, and upgrades. The bill modifies a previous law from 1999 and includes a specific effective date to ensure the new funding authorization begins in fiscal year 2027, giving the school district clear guidance on when they can expect to utilize these alternative facilities revenue resources.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF2941&ssn=0&y=2025