Minnesota Legislature
HF 536
as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 01:38am
Bill Text Versions
| Engrossments | ||
|---|---|---|
| Introduction | Posted on 02/04/2009 |
Current Version - as introduced
1.5 1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 1.14 1.15 1.16 1.17 1.18 1.19
A bill for an act
relating to waters; modifying local match requirements for certain grants;
amending Minnesota Statutes 2008, section 103B.3369, subdivision 5.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2008, section 103B.3369, subdivision 5, is amended to
read:
Subd. 5.
Financial assistance.
A base grant may be awarded to a county that deleted text begin leviesdeleted text end new text begin
provides a match utilizing a water implementation tax or other local source.new text end A water
implementation taxnew text begin that a county intends to use as a match to the base grant must be leviednew text end
at a ratedeleted text begin , which shall bedeleted text end determined by the board. The minimum amount of the water
implementation tax shall be a tax rate times the adjusted net tax capacity of the county for
the preceding year. The rate shall be the rate, rounded to the nearest .001 of a percent,
that, when applied to the adjusted net tax capacity for all counties, raises the amount of
$1,500,000. The base grant will be in an amount equal to $37,500 less the amount raised
by deleted text begin that levydeleted text end new text begin the local matchnew text end . If the amount necessary to implement the local water plan for
the county is less than $37,500, the amount of the base grant shall be the amount that,
when added to the deleted text begin levydeleted text end new text begin matchnew text end amount, equals the amount required to implement the plan.
For counties where the tax rate generates an amount equal to or greater than $18,750, the
base grant shall be in an amount equal to $18,750.