1998 Minnesota Statutes

     126C.35 Local discretionary revenue. 

    Subdivision 1.    Local discretionary revenue.  Local 
 discretionary revenue is available for districts to implement 
 programs to offer outcomes or to cover other district operating 
 expenditures not provided according to sections 126C.30 and 
 126C.32. 

    Subd. 2.    Revenue.  A district's local discretionary 
 revenue is equal to the amount authorized according to section 
 126C.17.  Revenue may not exceed zero times the resident pupil 
 units for the year the revenue is attributable. 

    Subd. 3.    Levy.  Local discretionary levy is equal to 
 local discretionary revenue times the lesser of one or the ratio 
 of: 

    (1) net tax capacity divided by the number of pupil units 
 for the year the revenue is attributable, divided by 

    (2) the equalizing factor. 

    Subd. 4.    Aid.  Local discretionary aid is equal to 
 local discretionary revenue minus local discretionary levy.  If 
 a district levies less than the authorized amount, the aid shall 
 be reduced proportionately. 

    HIST: 1992 c 499 art 7 s 7; 1998 c 397 art 11 s 3 

*   NOTE:  This section, as added by Laws 1992, chapter 499, 
*article 7, section 7, is effective for revenue for fiscal year 
*2000.  Laws 1992, chapter 499, article 7, section 32.