1.1                          A bill for an act 
  1.2             relating to education; restoration of revenue lost to 
  1.3             the fund balance reduction for independent school 
  1.4             district No. 264, Herman-Norcross. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [RESTORATION OF REVENUE LOST TO FUND BALANCE 
  1.7   REDUCTION; HERMAN-NORCROSS.] 
  1.8      Subdivision 1.  [AID ADJUSTMENT.] Notwithstanding Minnesota 
  1.9   Statutes, section 124A.26, subdivision 3, general education aid 
  1.10  for independent school district No. 264, Herman-Norcross, shall 
  1.11  not be reduced for fiscal year 1997. 
  1.12     Subd. 2.  [LEVY ADJUSTMENT.] Independent school district No.
  1.13  264, Herman-Norcross, may make a positive levy adjustment for 
  1.14  taxes payable in 1998 equal to the amount of the general 
  1.15  education levy reduction required under Minnesota Statutes, 
  1.16  section 124A.26, subdivision 2, attributed to fiscal year 1997. 
  1.17     Sec. 2.  [EFFECTIVE DATE.] 
  1.18     Section 1 is effective the day following final enactment.