1998 Minnesota Statutes

     126C.16 Referendum and desegregation revenue conversion. 

    Subdivision 1.    Revenue conversion.  Except as 
 provided under subdivision 3, the referendum authority under 
 section 126C.17 and the levy authority under section 124.912, 
 subdivisions 2 and 3, of a district must be converted by the 
 department according to this section. 

    Subd. 2.    Rate adjustment.  The department must adjust 
 a district's referendum authority for a referendum approved 
 before July 1, 1991, excluding authority based on a dollar 
 amount, and the levy authority under section 124.912, 
 subdivisions 2 and 3, by multiplying the sum of the rates 
 authorized by a district under section 126C.17 and the rates in 
 section 124.912, subdivisions 2 and 3, by the ratio determined 
 under subdivision 2 for the assessment year for which the 
 revenue is attributable.  The adjusted rates for assessment year 
 1993 apply to later years for which the revenue is authorized. 

    Subd. 3.    Per pupil revenue conversion.  (a) The 
 department must convert each district's referendum revenue 
 authority for fiscal year 2002 and later years to an allowance 
 per pupil unit as follows:  the revenue allowance equals the 
 amount determined by dividing the district's maximum revenue 
 under section 126C.17, for fiscal year 2001 by the district's 
 2000-2001 resident pupil units.  A district's maximum revenue 
 for all later years for which the revenue is authorized equals 
 the revenue allowance times the district's resident pupil units 
 for that year.  

    (b) The referendum allowance reduction must be applied 
 first to the authority with the earliest expiration date. 

    HIST: 1991 c 130 s 37; 1992 c 499 art 1 s 10; art 12 s 29; 
 1993 c 224 art 15 s 1; 1994 c 647 art 1 s 15; 1996 c 412 art 1 s 
 14; 1998 c 397 art 7 s 132-134,164; art 11 s 3