124D.11 Revenue for a results-oriented charter school. 

    Subdivision 1.    General education revenue.  General 
 education revenue must be paid to a charter school as though it 
 were a district.  The general education revenue for each pupil 
 unit is the state average general education revenue per pupil 
 unit minus an amount equal to the product of the formula 
 allowance according to section 126C.10, subdivision 2, times 
 .0485, calculated without basic skills revenue, transportation 
 sparsity revenue, and the transportation portion of the 
 transition revenue adjustment, plus basic skills revenue as 
 though the school were a school district. 

    Subd. 2.    Transportation revenue.  Transportation 
 revenue must be paid to a charter school that provides 
 transportation services according to section 124D.10, 
 subdivision 16, according to this subdivision.  Transportation 
 aid shall equal transportation revenue.  

    In addition to the revenue under subdivision 1, a charter 
 school providing transportation services must receive general 
 education aid for each pupil unit equal to the sum of an amount 
 equal to the product of the formula allowance according to 
 section 126C.10, subdivision 2, times .0485, plus the 
 transportation sparsity allowance for the school district in 
 which the charter school is located, plus the transportation 
 transition allowance for the district in which the charter 
 school is located.  

    Subd. 3.    Use of total operating capital revenue.  
 Notwithstanding section 126C.10, subdivision 14, a charter 
 school may use total operating capital revenue for any purpose 
 related to the school. 

    Subd. 4.    Building lease aid.  When a charter school 
 finds it economically advantageous to rent or lease a building 
 or land for any instructional purposes and it determines that 
 the total operating capital revenue under section 126C.10, 
 subdivision 13, is insufficient for this purpose, it may apply 
 to the commissioner for building lease aid for this purpose.  
 Criteria for aid approval and revenue uses shall be as defined 
 for the building lease levy in section 126C.40, subdivision 1, 
 paragraphs (a) and (b).  The amount of building lease aid per 
 pupil unit served for a charter school for any year shall not 
 exceed the lesser of (a) 80 percent of the approved cost or (b) 
 the product of the pupil units served for the current school 
 year times the sum of the state average debt redemption fund 
 revenue plus capital revenue, according to section 126C.40, per 
 pupil unit served for the current fiscal year. 

    Subd. 5.    Special education aid.  Except as provided 
 in subdivision 2, paragraph (b), special education aid must be 
 paid to a charter school according to section 125A.76, as though 
 it were a school district.  The charter school may charge 
 tuition to the district of residence as provided in section 
 125A.11.  The charter school shall allocate its special 
 education levy equalization revenue to the resident districts of 
 the pupils attending the charter school.  The districts of 
 residence shall levy as though they were participating in a 
 cooperative, as provided in section 125A.77, subdivision 3. 

    Subd. 6.    Other aid, grants, revenue.  (a) A charter 
 school is eligible to receive other aids, grants, and revenue 
 according to chapters 120A to 129C, as though it were a district 
 except that, notwithstanding section 127A.45, subdivision 3, the 
 payments must be of an equal amount on each of the 23 payment 
 dates unless a charter school is in its first year of operation 
 in which case it shall receive on its first payment date ten 
 percent of its cumulative amount guaranteed for the year and 22 
 payments of an equal amount thereafter the sum of which shall be 
 90 percent of the cumulative amount guaranteed.  However, it may 
 not receive aid, a grant, or revenue if a levy is required to 
 obtain the money, except as otherwise provided in this section.  
 Federal aid received by the state must be paid to the school, if 
 it qualifies for the aid as though it were a school district. 

    (b) A charter school may receive money from any source for 
 capital facilities needs.  In the year-end report to the state 
 board of education, the charter school shall report the total 
 amount of funds received from grants and other outside sources. 

    Subd. 7.    Use of state money.  Money received from the 
 state may not be used to purchase land or buildings.  The school 
 may own land and buildings if obtained through nonstate sources. 

    Subd. 8.    Start-up costs.  During the first two years 
 of a charter school's operation, the charter school is eligible 
 for aid to pay for start-up costs and additional operating costs.
 Start-up cost aid equals the greater of: 

    (1) $50,000 per charter school; or 

    (2) $500 times the charter school's pupil units served for 
 that year. 

    HIST: 1991 c 265 art 9 s 43; 1993 c 224 art 9 s 31; 1994 c 647 
 art 3 s 11; art 9 s 10; 1Sp1995 c 3 art 8 s 4; 1996 c 412 art 7 
 s 5-8; 1997 c 7 art 1 s 52; 1Sp1997 c 4 art 2 s 4; art 5 s 
 13-15; 1998 c 397 art 2 s 89-92,164; art 11 s 3; 1998 c 398 art 
 1 s 10-13