provide that a portion of revenues from wind farms remain with school districts.

Summary

The bill changes the state education funding formula so that tax revenue from wind farms is kept by the school district that receives it. For farms that began operating after June 30, 2016, the district keeps 100% of the revenue for five years, then the share drops each year until it ends after the ninth year. This aims to give newer districts a longer stream of funding from recent wind projects.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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