Subdivision 1.

Revenue calculation.

(a) General education revenue must be paid to a
charter school as though it were a district. The general education revenue for each adjusted
pupil unit is the state average general education revenue per pupil unit, plus the referendum
equalization aid allowance and first tier local optional aid allowance in the pupil's district
of residence, minus an amount equal to the product of the formula allowance according to
section 126C.10, subdivision 2, times .0466, calculated without declining enrollment revenue,
local optional revenue, basic skills revenue, extended time revenue, pension adjustment
revenue, transition revenue, and transportation sparsity revenue, plus declining enrollment
revenue, basic skills revenue, pension adjustment revenue, and transition revenue as though
the school were a school district.

(b) For a charter school operating an extended day, extended week, or summer program,
the general education revenue in paragraph (a) is increased by an amount equal to 25 percent
of the statewide average extended time revenue per adjusted pupil unit.

new text begin (c) The safe schools aid for a charter school equals $36 times the school's adjusted pupil
units for the school year and must be reserved and used for directly funding the purposes
as defined in section 126C.44, subdivision 4.
new text end

deleted text begin (c)deleted text end new text begin (d)new text end Notwithstanding paragraph (a), the general education revenue for an eligible
special education charter school as defined in section 124E.21, subdivision 2, equals the
sum of the amount determined under paragraph (a) and the school's unreimbursed cost as
defined in section 124E.21, subdivision 2, for educating students not eligible for special
education services.