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    Subdivision 1. Applicability. For the purposes of this chapter, the terms defined in section
120A.05 have the same meanings. For the purpose of this chapter, the following terms have
the meanings given them.
    Subd. 2. Adjusted net tax capacity. "Adjusted net tax capacity" means the net tax capacity
of the taxable property of the district as adjusted by the commissioner of revenue under section
127A.48. The adjusted net tax capacity for any given calendar year must be used to compute
levy limitations for levies certified in the succeeding calendar year and aid for the school year
beginning in the second succeeding calendar year.
    Subd. 3. Referendum market value. "Referendum market value" means the market value of
all taxable property, excluding property classified as class 2, noncommercial 4c(1), or 4c(4) under
section 273.13. The portion of class 2a property consisting of the house, garage, and surrounding
one acre of land of an agricultural homestead is included in referendum market value. Any class
of property, or any portion of a class of property, that is included in the definition of referendum
market value and that has a class rate of less than one percent under section 273.13 shall have a
referendum market value equal to its net tax capacity multiplied by 100.
    Subd. 4.[Repealed, 1Sp2003 c 9 art 1 s 54]
    Subd. 5. Levy use. A levy "for use in a particular school year," "attributable to a particular
school year," or "recognized as revenue in a particular school year," means the levy certified in the
calendar year ending in the school year preceding that particular school year, and payable in the
calendar year in which that school year begins.
    Subd. 6. Shared time average daily membership. The average daily membership of a pupil
enrolled on a shared time basis equals the ratio of the total minutes for which the pupil is enrolled
and the minimum minutes required during the year for a regularly enrolled public school pupil.
    Subd. 7. Shared time aid. Aid for shared time pupils must equal the formula allowance
times the full-time equivalent resident pupil units for shared time pupils. Aid for shared time
pupils is in addition to any other aid to which the district is otherwise entitled. Shared time
average daily membership may not be used in the computation of pupil units under section
126C.05, subdivision 1, for any purpose other than the computation of shared time aid pursuant to
subdivisions 6 to 8 and section 126C.19, subdivisions 1 to 3.
    Subd. 8. Shared time pupils. "Shared time pupils" means those pupils who attend public
school programs for part of the regular school day and who otherwise fulfill the requirements of
section 120A.22 by attendance at a nonpublic school.
    Subd. 9. Training and experience index. "Training and experience index" means a measure
of a district's teacher training and experience relative to the education and experience of teachers in
the state. The measure must be determined pursuant to Minnesota Statutes 1996, section 126C.11.
    Subd. 10.[Repealed, 1Sp2001 c 6 art 1 s 55 subd 1]
    Subd. 11. Net unreserved general fund balance. "Net unreserved general fund balance"
means the sum of the unreserved general fund balance and encumbrances, computed as of June 30
each year.
History: 1981 c 358 art 1 s 20,21,25,26; 1Sp1981 c 2 s 5; 3Sp1981 c 2 art 2 s 4,5,6; art 4 s
4; 1982 c 548 art 1 s 3,4,8; art 7 s 5; 1983 c 314 art 1 s 1,2,4,5,9,22; 1984 c 463 art 1 s 3,4,5;
1Sp1985 c 12 art 1 s 9-13; 1Sp1985 c 14 art 4 s 23,24; 1Sp1986 c 1 art 9 s 15,16; 1Sp1986 c 3 art
1 s 18; 1987 c 268 art 6 s 5; art 7 s 12,13; 1987 c 398 art 1 s 4-7; 1988 c 486 s 46-48; 1988 c 719
art 5 s 4,5,84; 1989 c 209 art 2 s 1; 1989 c 329 art 13 s 20; 1Sp1989 c 1 art 2 s 11; 1991 c 265 art
1 s 8,9; 1992 c 499 art 7 s 31; 1994 c 488 s 8; 1994 c 647 art 1 s 13,14; 1Sp1995 c 3 art 13 s 6;
1996 c 412 art 1 s 13; 1998 c 397 art 7 s 125-131,164; art 11 s 3; 1998 c 398 art 1 s 39; 1999 c
107 s 66; 1999 c 241 art 1 s 54; 2000 c 343 s 4; 2000 c 489 art 2 s 28; 1Sp2001 c 5 art 2 s 8; art 3
s 82; 1Sp2001 c 6 art 1 s 42; 1Sp2005 c 5 art 1 s 14; 2007 c 146 art 11 s 15

Official Publication of the State of Minnesota
Revisor of Statutes