as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am
A bill for an act
relating to education finance; authorizing levy authority for certain unfunded
severance and retirement costs faced by school districts that have participated in
the cooperative secondary facilities program.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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A school district qualifies for eligibility under this
section if the district:
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(1) participated in the cooperative secondary facilities program;
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(2) consolidated with at least two other school districts; and
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(3) has unfunded severance or retirement costs.
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An eligible school district may annually levy up to
$150,000 for unfunded severance or retirement costs. This levy authority expires after
taxes payable in 2017.
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A school district that levies under this section must
reserve the proceeds of the levy and spend those amounts only for unfunded severance
or retirement costs.
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This section is effective for taxes payable in 2008.
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