2005 Minnesota Statutes

     126C.21 Deductions from general education aid. 

    Subdivision 1.    Permanent school fund.  The amount of 
 money received by a district as income from the permanent school 
 fund for any year must be deducted from the general education 
 aid earned by the district for the same year or from aid earned 
 from other state sources.  

    Subd. 2.    Minimum.  The amount payable to any district 
 from state sources for any one year may not be reduced below the 
 amount payable as apportionment of the school endowment fund 
 pursuant to sections 127A.32 to 127A.34.  

    Subd. 3.    County apportionment deduction.  Each year 
 the amount of money apportioned to a district for that year 
 pursuant to section 127A.34, subdivision 2, must be deducted 
 from the general education aid earned by that district for the 
 same year or from aid earned from other state sources.  

    Subd. 4.    Taconite deductions.  For districts that 
 have revenue under sections 298.018; 298.225; 298.24 to 298.28, 
 excluding 298.26 and 298.28, subdivision 4, paragraph (d); 
 298.34 to 298.39; 298.391 to 298.396; 298.405; and 477A.15, or 
 any law imposing a tax upon severed mineral values; the general 
 education aid must be reduced in the final adjustment payment by 
 (1) the amount of the revenue recognized pursuant to those 
 sections for the fiscal year to which the final adjustment is 
 attributable, less (2) the amount that was calculated, pursuant 
 to section 126C.48, 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 subdivision, the next fiscal year's general education aid 
 to that district must be reduced by this negative amount in the 
 following manner:  there must 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 subdivision must reduce 
 revenue in the fiscal year to which the final adjustment payment 
 is attributable. 

    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; 1998 c 397 art 7 s 
 143,164; art 11 s 3; 1999 c 86 art 1 s 34; 1Sp2001 c 5 art 6 s 
 2; 2002 c 377 art 8 s 1; 1Sp2003 c 9 art 1 s 42; 1Sp2005 c 5 art 
 1 s 34