This bill, H.F. No. 1967, relates to education finance in Minnesota and specifically authorizes a Postsecondary Enrollment Options (PSEO) funding adjustment for Independent School District No. 186, Pequot Lakes.

• It appropriates funds from the general fund to the Minnesota Department of Education for this adjustment.
  
• The adjustment is necessary due to conflicting PSEO information that led to a reduction in general education aid for the district.
  
• The Department of Education is tasked with calculating the aid reduction in fiscal years 2024 and 2025 caused by students exceeding the allowable combined course load of 1.0 pupils in average daily membership across high school and postsecondary institutions.
  
• The full amount of the lost aid will be reimbursed to the district in the fiscal year 2026.
  

Essentially, the bill ensures that Pequot Lakes School District receives financial compensation for aid reductions due to incorrect PSEO enrollment calculations.