2000 Minnesota Statutes

     127A.44 Aid reduction; levy revenue recognition change. 

    Subdivision 1.    Amount of adjustment.  Each year state 
 aids and credits enumerated in subdivision 2 payable to any 
 district for that fiscal year shall be adjusted, in the order 
 listed, by an amount equal to (1) the amount the district 
 recognized as revenue for the prior fiscal year pursuant to 
 section 123B.75, subdivision 5, paragraph (b), minus (2) the 
 amount the district recognizes as revenue for the current fiscal 
 year pursuant to section 123B.75, subdivision 5, paragraph (b).  
 For the purposes of making the aid adjustment under this 
 subdivision, the amount the district recognizes as revenue for 
 either the prior fiscal year or the current fiscal year pursuant 
 to section 123B.75, subdivision 5, paragraph (b), shall not 
 include any amount levied pursuant to sections 124D.86, 
 subdivision 4, 126C.43, subdivisions 2 and 3, 126C.41, 
 subdivisions 1, 2, and 3, paragraphs (4), (5), and (6), 126C.48, 
 subdivision 6, and 126C.17, subdivision 9.  Payment from the 
 permanent school fund shall not be adjusted pursuant to this 
 section.  The school district shall be notified of the amount of 
 the adjustment made to each payment pursuant to this section. 

    Subd. 2.    Adjustment to aids.  (a) The amount 
 specified in subdivision 1 shall be used to adjust the following 
 state aids and credits in the order listed: 

    (1) general education aid authorized in section 126C.13; 

    (2) career and technical aid authorized in section 
 124D.453; 

    (3) special education aid authorized in sections 125A.75 
 and 125A.76; 

    (4) career and technical program aid for children with a 
 disability authorized in section 124D.454; 

    (5) transportation aid authorized in section 123B.92; 

    (6) community education programs aid authorized in section 
 124D.20; 

    (7) adult education aid authorized in section 124D.52; 

    (8) early childhood family education aid authorized in 
 section 124D.135; 

    (9) capital expenditure aid authorized in section 123B.57; 

    (10) school district cooperation aid authorized in section 
 126C.22; 

    (11) homestead and agricultural credit aid, disparity 
 credit and aid, and changes to credits for prior year 
 adjustments according to section 273.1398, subdivisions 2, 3, 4, 
 and 7; 

    (12) attached machinery aid authorized in section 273.138, 
 subdivision 3; 

    (13) special education excess cost aid authorized in 
 section 125A.79; and 

    (14) school readiness aid authorized in section 124D.16. 

    (b) The commissioner shall schedule the timing of the 
 adjustments to state aids and credits specified in subdivision 
 1, as close to the end of the fiscal year as possible. 

    Subd. 3.    Accounting.  Each district shall establish 
 an account which shall be designated "property tax recognition 
 account".  This account shall reflect the adjustments made 
 pursuant to subdivision 1 according to the fiscal year specified.

    HIST: 3Sp1981 c 2 art 4 s 3 subds 3,4; 1982 c 548 art 7 s 
 8-10; 3Sp1982 c 1 art 3 s 2,3; 1983 c 314 art 6 s 10; 1984 c 463 
 art 9 s 3; 1Sp1985 c 14 art 4 s 17; 1Sp1986 c 1 art 5 s 5; 1987 
 c 268 art 6 s 2; 1988 c 486 s 23; 1988 c 719 art 5 s 1; 1989 c 
 222 s 11; 1989 c 277 art 2 s 3; 1989 c 329 art 6 s 34,35; 1990 c 
 562 art 6 s 19; 1991 c 130 s 9,37; 1991 c 265 art 3 s 38; 1992 c 
 499 art 1 s 6; art 12 s 9,29; 1992 c 511 art 1 s 25; 1992 c 603 
 s 14; 1993 c 224 art 14 s 8,16; 1993 c 374 s 26; 1994 c 647 art 
 1 s 5; art 6 s 21; 1Sp1995 c 3 art 1 s 7; art 16 s 13; 1996 c 
 412 art 1 s 6; 1997 c 7 art 1 s 49; 1Sp1997 c 4 art 1 s 11; art 
 11 s 1; 1998 c 397 art 4 s 25,26,51; art 11 s 3; 1999 c 205 art 
 1 s 70; 1999 c 241 art 1 s 47; art 3 s 4