as introduced - 82nd Legislature (2001 - 2002) Posted on 12/15/2009 12:00am
1.1 A bill for an act 1.2 relating to education finance; continuing the 1.3 referendum offset adjustment until a district's 1.4 referendum is renewed; amending Minnesota Statutes 1.5 2000, section 126C.10, subdivision 23. 1.6 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.7 Section 1. Minnesota Statutes 2000, section 126C.10, 1.8 subdivision 23, is amended to read: 1.9 Subd. 23. [REFERENDUM OFFSET ADJUSTMENT.] A district that 1.10 qualifies for the referendumallowance reduction under section1.11126C.17, subdivision 12, and whose referendum allowance under1.12section 126C.17, subdivision 1, as adjusted under section1.13126C.17, subdivisions 2 and 12, does not exceed the referendum1.14allowance limit under section 126C.17, subdivision 2, clause1.15(2), shall receive a referendumoffset adjustment. Induring 1.16 fiscal year2000 and thereafter, the2001 is eligible for a 1.17 referendum offset adjustmentisequal to $25 per adjusted 1.18 marginal cost pupil unit from fiscal year 2002 until the fiscal 1.19 year during which any part of the district's referendum revenue 1.20 authority expires. 1.21 [EFFECTIVE DATE.] This section is effective the day 1.22 following final enactment.