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HF 4209

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/10/2022 03:41pm

KEY: stricken = removed, old language.
underscored = added, new language.
Version List Authors and Status
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Current Version - as introduced

Line numbers 1.1 1.2 1.3 1.4 1.5
1.6 1.7 1.8 1.9 1.10 1.11 1.12

A bill for an act
 relating to education finance; eliminating obsolete language in the general education
revenue program; amending Minnesota Statutes 2020, section 126C.10, subdivision
13a.

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

Section 1.

Minnesota Statutes 2020, section 126C.10, subdivision 13a, is amended to read:


Subd. 13a.

Operating capital levy.

To obtain operating capital revenue, a district may
levy an amount not more than the product of its operating capital revenue for the fiscal year
times the lesser of one or the ratio of its adjusted net tax capacity per adjusted pupil unit to
the operating capital equalizing factor. The operating capital equalizing factor equals deleted text begin $23,902
for fiscal year 2020, $23,885 for fiscal year 2021, anddeleted text end $22,912 for fiscal year 2022 and
later.