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HF 1259

Introduction - 93rd Legislature (2023 - 2024)

Posted on 02/13/2023 04:04 p.m.

KEY: stricken = removed, old language.
underscored = added, new language.
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A bill for an act
 relating to education finance; eliminating an obsolete general education transition
aid date; amending Minnesota Statutes 2022, section 126C.10, subdivision 33.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2022, section 126C.10, subdivision 33, is amended to read:


Subd. 33.

Transition aid.

deleted text begin (a) For fiscal year 2004, a district's transition aid equals its
transition revenue.
 deleted text end

deleted text begin (b) For fiscal year 2005 and later,deleted text end A district's transition aid equals its transition revenue
minus its transition levy times the ratio of the actual amount levied to the permitted levy.