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SF 582

as introduced - 90th Legislature (2017 - 2018) Posted on 02/17/2017 09:22am

KEY: stricken = removed, old language.
underscored = added, new language.
Line numbers 1.1 1.2 1.3 1.4
1.5 1.6 1.7 1.8 1.9
1.10 1.11 1.12 1.13

A bill for an act
relating to local government; providing base year formula aid to a newly
incorporated city.

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

Section 1. new text begin BASE YEAR FORMULA AID FOR NEWLY INCORPORATED CITY.
new text end

new text begin For a city that incorporated on October 13, 2015, and first qualifies for aid under
Minnesota Statutes, section 477A.013, subdivisions 8 and 9, in 2017, the city's formula aid
for 2016, used in calculating aid payable in 2017, shall be deemed to equal $115 multiplied
by its population.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for aids payable in 2017. The 2017 aid
payment under section 477A.013, subdivision 9, for a city that qualifies under this section
shall be recalculated based on this section. The increase shall be treated as an aid correction
under Minnesota Statutes, section 477A.014, subdivision 3.
new text end