State schools to get $55.2M from Microsoft settlement
— reported by Minneapolis St. Paul Business Journal
Minnesota school districts will receive $55.2 million in vouchers for computer hardware and software as part of a settlement with Microsoft Corp.
Districts will start receiving the vouchers this week, Gov. Tim Pawlenty announced Monday. The money comes from a $174.5 million settlement related to a class-action lawsuit that accused Redmond, Wash.-based Microsoft (NYSE: MSFT) of overcharging Minnesota consumers and businesses for certain products.
Under the Microsoft settlement, approved in 2004, consumers and businesses who bought certain Microsoft software products in Minnesota were eligible to receive vouchers from the company for new computer hardware or software. After the deadline for the public passed, half the value of the unclaimed vouchers was made available to the Minnesota Department of Education.
The department will distribute the vouchers to 467 school districts and charter schools in various amounts, ranging from several hundred dollars to $6.3 million. The voucher amount for individual school districts is based on each district’s percentage of the state’s students eligible for free- and reduced-price lunch.