1997 Minnesota Statutes

     124A.035 Deductions from general education aid. 

    Subdivision 1.  Repealed, 1987 c 398 art 1 s 27 subd 3 

    Subd. 2.    Permanent school fund.  The amount of money 
 received by a school district as income from the permanent 
 school fund for any year, shall be deducted from the general 
 education aid earned by the district for the same year or from 
 aid earned from other state sources.  

    Subd. 3.    Minimum.  In no event shall the amount 
 payable to any district from state sources for any one year be 
 reduced below the amount payable as apportionment of the school 
 endowment fund pursuant to sections 124.08 to 124.10.  

    Subd. 4.    County apportionment deduction.  Each year 
 the amount of money apportioned to a school district for that 
 year pursuant to section 124.10, subdivision 2, excluding any 
 district where the general education levy is determined 
 according to section 124A.23, subdivision 3, shall be deducted 
 from the general education aid earned by that district for the 
 same year or from aid earned from other state sources.  

    Subd. 5.    Taconite deductions.  (1) Notwithstanding 
 any provisions of any other law to the contrary, the adjusted 
 net tax capacity used in calculating general education aid shall 
 include only that property which is currently taxable in the 
 district.  

    (2) For districts that received payments under sections 
 298.018; 298.23 to 298.28; 298.34 to 298.39; 298.391 to 298.396; 
 and 298.405; any law imposing a tax upon severed mineral values, 
 or recognized revenue pursuant to section 477A.15; the general 
 education aid shall be reduced in the final adjustment payment 
 by the difference between the dollar amount of the payments 
 received pursuant to those sections, or revenue recognized 
 pursuant to section 477A.15 in the fiscal year to which the 
 final adjustment is attributable and the amount which was 
 calculated, pursuant to section 124.918, subdivision 8, as a 
 reduction of the levy attributable to the fiscal year to which 
 the final adjustment is attributable.  If the final adjustment 
 of a district's general education aid for a fiscal year is a 
 negative amount because of this clause, the next fiscal year's 
 general education aid to that district shall be reduced by this 
 negative amount in the following manner:  there shall be 
 withheld from each scheduled general education aid payment due 
 the district in such fiscal year, 15 percent of the total 
 negative amount, until the total negative amount has been 
 withheld.  The amount reduced from general education aid 
 pursuant to this clause shall be recognized as revenue in the 
 fiscal year to which the final adjustment payment is 
 attributable.  

    Subd. 6. Repealed, 1985 c 248 s 34; 1Sp1985 c 12 art 1 s 
 37 subd 1 

    HIST: 1981 c 358 art 1 s 27; 1982 c 548 art 1 s 10; 1983 c 314 
 art 1 s 6,17,22; 1987 c 268 art 9 s 5; 1988 c 486 s 53-55; 1988 
 c 719 art 5 s 84; 1989 c 329 art 13 s 20; 1991 c 130 s 37; 1992 
 c 499 art 12 s 29; 1996 c 412 art 1 s 21