Source: https://www.revisor.mn.gov/statutes/2008/cite/124D.11
Timestamp: 2020-07-07 13:35:33
Document Index: 275403455

Matched Legal Cases: ['art 9', 'art 9', 'art 3', 'art 9', 'art 8', 'art 7', 'art 1', 'art 2', 'art 5', 'art 2', 'art 11', 'art 1', 'art 5', 'art 1', 'art 5', 'art 2', 'art 6', 'art 2', 'art 8', 'art 1', 'art 2', 'art 5', 'art 2', 'art 2', 'art 3', 'art 2']

(a) Notwithstanding section 127A.45, subdivision 3, aid payments for the current fiscal year to a charter school not in its first year of operation shall be of an equal amount on each of the 23 payment dates. A charter school in its first year of operation 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 equal the current year aid payment percentage multiplied by the cumulative amount guaranteed.
(b) Notwithstanding paragraph (a), for a charter school ceasing operation prior to the end of a school year, the current year aid payment percentage multiplied by the amount due for the school year may be paid to the school after audit of prior fiscal year and current fiscal year pupil counts. For a charter school ceasing operations prior to, or at the end of, a school year, notwithstanding section 127A.45, subdivision 3, preliminary final payments may be made after audit of pupil counts, monitoring of special education expenditures, and documentation of lease expenditures for the final year of operation. Final payment may be made upon receipt of audited financial statements under section 123B.77, subdivision 3.
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; art 5 s 55; 1999 c 241 art 1 s 2; art 5 s 12-14; 2000 c 254 s 17; 2000 c 489 art 2 s 4; art 6 s 24; 1Sp2001 c 6 art 2 s 27,28; art 8 s 2; 2002 c 374 art 1 s 1; 1Sp2003 c 9 art 2 s 26-29; art 5 s 5; 2004 c 294 art 2 s 14; 1Sp2005 c 5 art 2 s 63-65; art 3 s 5; 2006 c 263 art 2 s 16