HF 1840

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

  1.1                          A bill for an act
  1.2             relating to local government aids; changing the method 
  1.3             for calculating aid reductions; amending Minnesota 
  1.4             Statutes 1994, section 477A.0132, subdivision 2. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  Minnesota Statutes 1994, section 477A.0132, 
  1.7   subdivision 2, is amended to read: 
  1.8      Subd. 2.  [CALCULATION OF AID REDUCTION.] The aid reduction 
  1.9   to each local government as provided under subdivision 1 will be 
  1.10  equal to the product of the reduction percentage and its 
  1.11  reduction base.  The reduction base is defined as the following: 
  1.12     (a) For subdivision 1, clause (a), the reduction base is 
  1.13  equal to the adjusted revenue base for 1992. 
  1.14     (b) For subdivision 1, clause (b), the reduction base is 
  1.15  equal to the adjusted revenue base for the year in which the aid 
  1.16  payment is to be made sum of the amounts that the local 
  1.17  government was certified to receive in the previous year from 
  1.18  (a) homestead and agricultural credit aid under section 
  1.19  273.1398, subdivision 2, (b) disparity reduction aid under 
  1.20  section 273.1398, subdivision 3, (c) local government aid under 
  1.21  sections 477A.011, 477A.012, and 477A.013, and (d) taconite aid 
  1.22  under sections 298.28 and 298.282. 
  1.23     Sec. 2.  [EFFECTIVE DATE.] 
  1.24     Section 1 is effective for aids payable in 1995 and 
  1.25  thereafter.