Bill > HF2696

This bill modifies the housing challenge program by expanding eligibility for alternative facilities revenue to include Independent School District No. 720 in Shakopee, in addition to the previously authorized Independent School District No. 284 in Wayzata. Specifically, the bill enables the Shakopee school district to qualify for long-term facilities maintenance revenue starting in fiscal year 2027, which allows the district to access state funding for school facility improvements and maintenance. The alternative facilities revenue program is a financial mechanism that helps school districts fund capital improvement projects and maintain their school buildings. By amending a previous law from 1999, this bill provides Shakopee Independent School District with the same financial opportunities that were previously granted to the Wayzata school district, essentially leveling the playing field for facility funding between these two school districts.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF2696&ssn=0&y=2025