Purpose of the Bill

This bill aims to address financial discrepancies faced by Independent School District No. 186 in Pequot Lakes due to inaccuracies in their Postsecondary Enrollment Options (PSEO) program data. It seeks to provide financial adjustments to correct these issues.

Main Provisions

• Appropriation of Funds: The bill allocates money from the state’s general fund to the Minnesota Department of Education specifically for adjustments related to general education aid for Pequot Lakes.
• PSEO Adjustment Calculation: The bill requires the Department of Education to determine the financial impact on the school district caused by students enrolled in both high school and postsecondary courses, leading to an excess in the average daily membership calculations for fiscal years 2024 and 2025.
• Reimbursement Schedule: The calculated financial difference will be fully reimbursed to Pequot Lakes School District in the fiscal year 2026.

Significant Changes to Existing Law

The bill introduces a specific financial correction mechanism for Pequot Lakes School District related to PSEO under-enrollment discrepancies, which is not commonly addressed in existing education finance laws.

Relevant Terms

• PSEO (Postsecondary Enrollment Options)
• General education aid
• Independent School District No. 186 Pequot Lakes
• Average daily membership
• Department of Education