Minnesota Session Laws - 1994, Regular Session

                            CHAPTER 420-H.F.No. 2306 
                  An act relating to the city of Minneapolis; providing 
                  that a levy for a contribution to the Minneapolis 
                  teachers retirement fund association is a special 
                  taxing district levy for property tax purposes; 
                  amending Minnesota Statutes 1993 Supplement, section 
                  354A.12, subdivision 3b. 
        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
           Section 1.  Minnesota Statutes 1993 Supplement, section 
        354A.12, subdivision 3b, is amended to read: 
           Subd. 3b.  [SPECIAL DIRECT STATE MATCHING AID TO THE 
        MINNEAPOLIS TEACHERS RETIREMENT FUND ASSOCIATION.] (a) Special 
        school district No. 1 may make an additional employer 
        contribution to the Minneapolis teachers retirement fund 
        association.  The city of Minneapolis may make a contribution to 
        the Minneapolis teachers retirement fund association.  This 
        contribution may be made by a levy of the board of estimate and 
        taxation of the city of Minneapolis, and the levy, if made, is 
        classified as that of a special taxing district for purposes of 
        section sections 275.065 and 276.04, and for all other property 
        tax purposes. 
           (b) For every $1,000 contributed in equal proportion by 
        special school district No. 1 and by the city of Minneapolis to 
        the Minneapolis teachers retirement fund association under 
        paragraph (a), the state shall pay to the Minneapolis teachers 
        retirement fund association $1,000, but not to exceed $2,500,000 
        in total in fiscal year 1994.  The total amount available for 
        each subsequent fiscal year must be increased at the same rate 
        as the increase in the general education revenue formula 
        allowance under section 124A.22, subdivision 2, in subsequent 
        fiscal years.  The superintendent of special school district No. 
        1, the mayor of the city of Minneapolis, and the executive 
        director of the Minneapolis teachers retirement fund association 
        shall jointly certify to the commissioner of finance the total 
        amount that has been contributed by special school district No. 
        1 and by the city of Minneapolis to the Minneapolis teachers 
        retirement fund association.  Any certification to the 
        commissioner of education must be made quarterly.  If the total 
        certifications for a fiscal year exceed the maximum annual 
        direct state matching aid amount in any quarter, the amount of 
        direct state matching aid payable to the Minneapolis teachers 
        retirement fund association must be limited to the balance of 
        the maximum annual direct state matching aid amount available.  
        The amount required under this paragraph, subject to the maximum 
        direct state matching aid amount, is appropriated annually to 
        the commissioner of finance. 
           (c) The commissioner of finance may prescribe the form of 
        the certifications required under paragraph (b). 
           Sec. 2.  [EFFECTIVE DATE.] 
           Section 1 is effective for property taxes payable in 1995, 
        and thereafter. 
           Presented to the governor April 11, 1994 
           Signed by the governor April 13, 1994, 1:03 p.m.