SF 454

as introduced - 80th Legislature (1997 - 1998) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to education; extending the exemption for 
  1.3             independent school district No. 169, Badger, from a 
  1.4             reduction in general education revenue; amending Laws 
  1.5             1991, chapter 265, article 1, section 30, as amended. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  Laws 1991, chapter 265, article 1, section 30, 
  1.8   as amended by Laws 1993, chapter 224, article 8, section 19, is 
  1.9   amended to read: 
  1.10     Sec. 30.  [BADGER SCHOOL DISTRICT FUND BALANCE.] 
  1.11     If independent school district No. 676, Badger, receives 
  1.12  payment of delinquent property taxes from one taxpayer and the 
  1.13  payment is more than five percent of the total property taxes 
  1.14  paid in the fiscal year in which the payment is received, 
  1.15  general education revenue for the district shall not be reduced 
  1.16  according to Minnesota Statutes, section 124A.26, subdivision 1, 
  1.17  for an excess fund balance attributed to the payment for the 
  1.18  following five ten fiscal years. 
  1.19     Sec. 2.  [EFFECTIVE DATE.] 
  1.20     Section 1 is effective the day following final enactment.