1997 Minnesota Statutes

     124.2728 Special consolidation aid. 

    Subdivision 1.    Eligibility.  A school district that 
 reorganizes under section 122.23 or sections 122.241 to 122.248 
 effective on July 1, 1994, is eligible for special consolidation 
 aid under this section.  A district may receive aid under this 
 section for only three years. 

    Subd. 2.    Aid calculation.  Special consolidation aid 
 for a reorganized school district is calculated by computing the 
 sum of: 

    (1) the difference between the total amount of early 
 childhood family education revenue under section 124.2711 
 available to the districts involved in the reorganization in the 
 fiscal year prior to the effective date of reorganization and 
 the maximum amount of early childhood family education revenue 
 available to the reorganized district in the current year; and 

    (2) the difference between the total amount of community 
 education revenue under section 124.2713 available to the 
 districts involved in the reorganization in the fiscal year 
 prior to the reorganization and the maximum amount of community 
 education revenue available to the reorganized district in the 
 current year. 

    Subd. 3.    Aid amount.  In the fiscal year that the 
 reorganization is effective, special combination aid is equal to 
 the aid calculated under subdivision 2 times 100 percent.  In 
 the fiscal year following the effective date of reorganization, 
 special combination aid is equal to the aid calculated under 
 subdivision 2 times 67 percent.  In the second fiscal year 
 following the effective date of reorganization, special 
 combination aid is equal to the aid calculated under subdivision 
 2 times 33 percent.  

    HIST: 1994 c 647 art 6 s 27; 1Sp1995 c 3 art 6 s 13