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SF 1962

as introduced - 88th Legislature (2013 - 2014) Posted on 02/28/2014 08:47am

KEY: stricken = removed, old language.
underscored = added, new language.
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Current Version - as introduced

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A bill for an act
 relating to local government aid; modifying the calculation on aid losses;
amending Minnesota Statutes 2013 Supplement, section 477A.013, subdivision 8.

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

Section 1.

Minnesota Statutes 2013 Supplement, section 477A.013, subdivision 8,
is amended to read:


Subd. 8.

City formula aid.

(a) For aids payable in 2014 only, the formula aid for a
city is equal to the sum of (1) its 2013 certified aid, and (2) the product of (i) the difference
between its unmet need and its 2013 certified aid, and (ii) the aid gap percentage.

(b) For aids payable in 2015 and thereafter, the formula aid for a city is equal to the
sum of (1) its formula aid in the previous year and (2) the product of (i) the difference
between its unmet need and its deleted text begin certifieddeleted text end new text begin formulanew text end aid in the previous year deleted text begin under subdivision
9deleted text end , and (ii) the aid gap percentage.

new text begin (c) For aids payable in 2015 and thereafter, if a city's certified aid from the previous
year is greater than the sum of its unmet need plus its aid adjustment under subdivision 13,
its formula aid is adjusted to equal its unmet need.
 new text end

new text begin (d) new text end No city may have a formula aid amount less than zero. The aid gap percentage
must be the same for all citiesnew text begin subject to paragraph (b)new text end .

new text begin (e) new text end The applicable aid gap percentage must be calculated by the Department of
Revenue so that the total of the aid under subdivision 9 equals the total amount available
for aid under section 477A.03. Data used in calculating aids to cities under sections
477A.011 to 477A.013 shall be the most recently available data as of January 1 in the
year in which the aid is calculated.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for aids payable in calendar year
2015 and thereafter.
 new text end