HF 1466

as introduced - 79th Legislature (1995 - 1996) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to education; providing for a service fee 
  1.3             levy for school districts that have operated a 
  1.4             technical college; proposing coding for new law in 
  1.5             Minnesota Statutes, chapter 124. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  [124.92] [SERVICE FEE LEVY.] 
  1.8      (a) A district that has operated a technical college 
  1.9   transferred to the board of trustees of the Minnesota state 
  1.10  colleges and universities on July 1, 1995, and that has not 
  1.11  already levied under section 136C.69, subdivision 3, may levy 
  1.12  upon all taxable property in the district, the following:  
  1.13     (1) in the first levy certified after the transfer, 75 
  1.14  percent of the amount of the district's most recent service fee 
  1.15  allocation; 
  1.16     (2) in the second levy certified after the transfer, 50 
  1.17  percent of the amount of the district's service fee allocation 
  1.18  under clause (1); and 
  1.19     (3) in the third levy certified after the transfer, 25 
  1.20  percent of the amount of the district's service fee allocation 
  1.21  under clause (1).  
  1.22     (b) The proceeds of the levy may be placed in the general 
  1.23  fund or any other fund of the district.  Any unexpended portion 
  1.24  of the proceeds so received must not be considered in the net 
  1.25  undesignated fund balance of the district for the three fiscal 
  2.1   years to which the levy is attributable. 
  2.2      (c) Notwithstanding section 121.904, 50 percent of the 
  2.3   proceeds of this levy shall be recognized in the fiscal year in 
  2.4   which it is certified.