2007 Minnesota Statutes

298.225 APPROPRIATION.
    Subdivision 1. Guaranteed distribution. (a) The distribution of the taconite production
tax as provided in section 298.28, subdivisions 3 to 5, 6, paragraph (b), 7, and 8, shall equal
the lesser of the following amounts:
(1) the amount distributed pursuant to this section and section 298.28, with respect to 1983
production if the production for the year prior to the distribution year is no less than 42,000,000
taxable tons. If the production is less than 42,000,000 taxable tons, the amount of the distributions
shall be reduced proportionately at the rate of two percent for each 1,000,000 tons, or part of
1,000,000 tons by which the production is less than 42,000,000 tons; or
(2)(i) for the distributions made pursuant to section 298.28, subdivisions 4, paragraphs (b)
and (c), and 6, paragraph (c), 31.2 percent of the amount distributed pursuant to this section and
section 298.28, with respect to 1983 production;
(ii) for the distributions made pursuant to section 298.28, subdivision 5, paragraphs (b)
and (d), 75 percent of the amount distributed pursuant to this section and section 298.28, with
respect to 1983 production.
(b) The distribution of the taconite production tax as provided in section 298.28, subdivision
2 , shall equal the following amount:
(1) if the production for the year prior to the distribution year is at least 42,000,000 taxable
tons, the amount distributed pursuant to this section and section 298.28 with respect to 1999
production; or
(2) if the production for the year prior to the distribution year is less than 42,000,000 taxable
tons, the amount distributed pursuant to this section and section 298.28 with respect to 1999
production, reduced proportionately at the rate of two percent for each 1,000,000 tons or part of
1,000,000 tons by which the production is less than 42,000,000 tons.
    Subd. 2. Funding guaranteed distribution level. The money necessary for funding the
difference between the initial distribution made pursuant to section 298.28 and the amount
guaranteed in subdivision 1 is appropriated in equal proportions from the initial current year
distributions to the taconite environmental protection fund and to the Douglas J. Johnson economic
protection trust pursuant to section 298.28. If the initial distributions to the taconite environmental
protection fund and the Douglas J. Johnson economic protection trust are insufficient to fund the
difference, the commissioner of Iron Range resources and rehabilitation shall make the payments
of any remaining difference from the corpus of the taconite environmental protection fund and
the corpus of the Douglas J. Johnson economic protection trust fund in equal proportions as
directed by the commissioner of revenue.
If a taconite producer ceases beneficiation operations permanently and is required by a
special law to make bond payments for a school district, the Douglas J. Johnson economic
protection trust fund shall assume the payments of the taconite producer if the producer ceases to
make the needed payments. The commissioner of Iron Range resources and rehabilitation shall
make these school bond payments from the corpus of the Douglas J. Johnson economic protection
trust fund in the amounts certified by the commissioner of revenue.
History: 1977 c 423 art 10 s 23; 1Sp1981 c 1 art 10 s 13; 1982 c 523 art 30 s 1; 2Sp1982
c 2 s 1; 1984 c 502 art 7 s 13; 1985 c 300 s 22; 1Sp1985 c 14 art 10 s 14; 1986 c 441 s 10;
1Sp1986 c 3 art 2 s 37; 1998 c 389 art 10 s 8; 1Sp2001 c 5 art 6 s 20; 2002 c 377 art 8 s
5; 2003 c 127 art 11 s 12