1998 Minnesota Statutes

     123B.64 Historic building revenue. 

    Subdivision 1.    Eligibility.  A district that 
 maintains a school building listed on the National Register of 
 Historic Places is eligible for historic building revenue. 

    Subd. 2.    Revenue.  A district's historic building 
 revenue is equal to $100 times the number of resident pupil 
 units served in the school building. 

    Subd. 3.    Levy.  To obtain historic building revenue, 
 a district may levy an amount, not to exceed the district's 
 revenue, equal to the district's revenue authority for that year 
 times the lesser of one or the ratio of the adjusted net tax 
 capacity divided by its resident pupil units for that school 
 year to $10,000. 

    Subd. 4.    Aid.  A district's historic building aid is 
 equal to the difference between the district's revenue minus the 
 levy.  If a district does not levy the entire amount permitted, 
 the district's aid must be reduced in proportion to the amount 
 levied. 

    HIST: 1Sp1997 c 4 art 4 s 16; 1998 c 397 art 7 s 164; art 11 s 
 3