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Minnesota Legislature

Office of the Revisor of Statutes

HF 1006

as introduced - 87th Legislature (2011 - 2012) Posted on 03/09/2011 10:17am

KEY: stricken = removed, old language.
underscored = added, new language.

Bill Text Versions

Engrossments
Introduction Posted on 03/09/2011

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 1.13 1.14 1.15
1.16 1.17
1.18 1.19 1.20 1.21 1.22 1.23
2.1 2.2
2.3 2.4 2.5 2.6 2.7
2.8 2.9

A bill for an act
relating to education finance; creating a seasonal recreational equalizing
component to certain operating referenda; amending Minnesota Statutes 2010,
section 126C.17, by adding subdivisions.

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

Section 1.

Minnesota Statutes 2010, section 126C.17, is amended by adding a
subdivision to read:


new text begin Subd. 14. new text end

new text begin Seasonal recreational property equalization. new text end

new text begin (a) A school district
is eligible for additional seasonal recreational equalization aid computed under this
subdivision.
new text end

new text begin (b) A district's seasonal recreational equalization aid equals the district's initial
referendum levy computed under subdivisions 6 and 8 minus the lesser of: (1) 50 percent
of the amount of the district's per pupil referendum revenue; or (2) the amount of the
district's seasonal recreational local share revenue. In no case may the total seasonal
recreational equalization aid exceed $250 per pupil unit.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for revenue for fiscal years 2013
and later.
new text end

Sec. 2.

Minnesota Statutes 2010, section 126C.17, is amended by adding a subdivision
to read:


new text begin Subd. 15. new text end

new text begin Seasonal recreational local share revenue. new text end

new text begin A district's seasonal
recreational local share revenue equals 50 percent of the total amount levied in the
previous taxes payable year under section 275.025 on seasonal recreational property
within the district.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for revenue for fiscal years 2013
and later.
new text end

Sec. 3.

Minnesota Statutes 2010, section 126C.17, is amended by adding a subdivision
to read:


new text begin Subd. 16. new text end

new text begin Net referendum levy. new text end

new text begin A district's net referendum levy equals the district's
initial referendum levy under subdivisions 6 and 8 less the amount of seasonal recreational
equalization aid provided under subdivision 14.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for revenue for fiscal years 2013
and later.
new text end