1997 Minnesota Statutes

     124A.24 General education levy equity. 

    If a district's general education levy is determined 
 according to section 124A.23, subdivision 3, an amount must be 
 deducted from state aid authorized in this chapter and chapters 
 124 and 124B, receivable for the same school year, and from 
 other state payments receivable for the same school year 
 authorized in chapter 273.  The aid in section 124.646 must not 
 be reduced. 

    The amount of the deduction equals the difference between: 

    (1) the general education tax rate, according to section 
 124A.23, times the district's adjusted net tax capacity used to 
 determine the general education aid for the same school year; 
 and 

    (2) the district's general education revenue, excluding 
 transition revenue and supplemental revenue, for the same school 
 year, according to section 124A.22. 

    HIST: 1987 c 398 art 1 s 13; 1988 c 486 s 65; 1988 c 718 art 1 
 s 7; 1988 c 719 art 5 s 84; 1989 c 209 art 2 s 9; 1989 c 222 s 
 29; 1989 c 329 art 13 s 20; 1Sp1989 c 1 art 2 s 11; 1991 c 130 s 
 22; 1991 c 265 art 1 s 23; 1992 c 499 art 12 s 17; 1993 c 224 
 art 1 s 21; 1Sp1995 c 3 art 1 s 48 

*   NOTE:  This section is repealed effective June 30, 1999.  
*Laws 1992, chapter 499, article 7, section 31.