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.
* 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.
Official Publication of the State of Minnesota
Revisor of Statutes