as introduced - 87th Legislature (2011 - 2012) Posted on 02/23/2012 09:52am
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:
Minnesota Statutes 2010, section 126C.17, is amended by adding a
subdivision to read:
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(a) A school district
is eligible for additional seasonal recreational equalization aid computed under this
subdivision.
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(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.
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This section is effective for revenue for fiscal years 2013
and later.
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Minnesota Statutes 2010, section 126C.17, is amended by adding a subdivision
to read:
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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.
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This section is effective for revenue for fiscal years 2013
and later.
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Minnesota Statutes 2010, section 126C.17, is amended by adding a subdivision
to read:
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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.
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This section is effective for revenue for fiscal years 2013
and later.
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