Minnesota SF2576 amends building lease aid for charter schools, setting criteria for aid approval and usage.

Minnesota SF2576 amends the building lease aid provisions for charter schools. It specifies that aid can be applied for when a charter school finds it economically advantageous to rent or lease a building for instructional purposes. The commissioner must approve the aid based on criteria such as the reasonableness of the price and the appropriateness of the lease. The aid cannot be used for custodial, maintenance, utility, or other operating costs. The amount of annual aid is capped at 90 percent of the approved cost or a product of the charter school's pupil units served.

Minnesota SF2576 amends building lease aid for charter schools, setting criteria for aid approval and usage.

Minnesota SF2576 amends the building lease aid provisions for charter schools. It specifies that aid can be applied for when a charter school finds it economically advantageous to rent or lease a building for instructional purposes. The commissioner must approve the aid based on criteria such as the reasonableness of the price and the appropriateness of the lease. The aid cannot be used for custodial, maintenance, utility, or other operating costs. The amount of annual aid is capped at 90 percent of the approved cost or a product of the charter school's pupil units served.