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S.F. No. 2545 - Cash flow adjustment for certain charter schools
Author: Senator Terri E. Bonoff
Prepared By: Bjorn E. Arneson, Senate Analyst (651/296-3812)
Date: March 31, 2016


Section 1. Cash flow adjustment. Modifies the eligibility criteria for cash flow adjustment for certain charter schools. Provides that, according to the definition of “eligible special education charter school” under section 124E.21, subdivision 2, a charter school is eligible for cash flow adjustment if:

           (1) the percent of students eligible for special education services equals at least 90 percent of the charter school's total enrollment; and

           (2) the school submits to the commissioner a preliminary annual budget by June 15 prior to the start of the fiscal year and a revised budget by January 15 of the current fiscal year detailing its unreimbursed costs for educating students eligible and not eligible for special education services.

Effective date: makes this section effective for revenue for fiscal year 2017 and later.

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