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16A.1523 Local government aid reform account.

Subdivision 1. Account established. A local government aid reform account is established in the general fund. Amounts in this account are available for and may only be spent in conjunction with reforming local government aids under chapter 477A. The reforms may include, but are not limited to:

(1) changes to the local government aid distribution formula; and

(2) supplemental aids to address local government aid disparity problems.

The balance in the account does not cancel and remains in the account until appropriated for local government aid reform.

Subd. 2. Appropriation. Beginning in fiscal year 2003, and in each fiscal year thereafter, $14,000,000 is appropriated from the general fund to the local government aid reform account established in subdivision 1. In fiscal year 2004, and each year thereafter, until the balance of the account is appropriated by the legislature to local government aid reform, an amount equal to the balance at the end of the fiscal year times 2.5 percent is also appropriated from the general fund to the account.

HIST: 1Sp2001 c 5 art 3 s 1

Official Publication of the State of Minnesota
Revisor of Statutes