1997 Minnesota Statutes

     124.155 Aid reduction; levy revenue recognition change. 

    Subdivision 1.    Amount of adjustment.  Each year state 
 aids and credits enumerated in subdivision 2 payable to any 
 school district for that fiscal year shall be adjusted, in the 
 order listed, by an amount equal to (1) the amount the district 
 recognized as revenue for the prior fiscal year pursuant to 
 section 121.904, subdivision 4a, clause (b), minus (2) the 
 amount the district recognizes as revenue for the current fiscal 
 year pursuant to section 121.904, subdivision 4a, clause (b).  
 For the purposes of making the aid adjustment under this 
 subdivision, the amount the district recognizes as revenue for 
 either the prior fiscal year or the current fiscal year pursuant 
 to section 121.904, subdivision 4a, clause (b), shall not 
 include any amount levied pursuant to sections 124.315, 
 subdivision 4, 124.912, subdivisions 1, paragraph (2), 2, and 3, 
 124.916, subdivisions 1, 2, and 3, paragraphs 4, 5, and 6, 
 124.918, subdivision 6, and 124A.03, subdivision 2.  Payment 
 from the permanent school fund shall not be adjusted pursuant to 
 this section.  The school district shall be notified of the 
 amount of the adjustment made to each payment pursuant to this 
 section. 

    Subd. 2.    Adjustment to aids.  (a) The amount 
 specified in subdivision 1 shall be used to adjust the following 
 state aids and credits in the order listed: 

    (1) general education aid authorized in section 124A.23; 

    (2) secondary vocational aid authorized in section 124.573; 

    (3) special education aid authorized in sections 124.32 and 
 124.3201; 

    (4) school-to-work program aid for children with a 
 disability authorized in section 124.574; 

    (5) aid for pupils of limited English proficiency 
 authorized in section 124.273; 

    (6) transportation aid authorized in section 124.225; 

    (7) community education programs aid authorized in section 
 124.2713; 

    (8) adult education aid authorized in section 124.26; 

    (9) early childhood family education aid authorized in 
 section 124.2711; 

    (10) capital expenditure aid authorized in section 124.83; 

    (11) school district cooperation aid authorized in section 
 124.2727; 

    (12) assurance of mastery aid according to section 124.311; 

    (13) homestead and agricultural credit aid, disparity 
 credit and aid, and changes to credits for prior year 
 adjustments according to section 273.1398, subdivisions 2, 3, 4, 
 and 7; 

    (14) attached machinery aid authorized in section 273.138, 
 subdivision 3; 

    (15) alternative delivery aid authorized in section 
 124.322; 

    (16) special education equalization aid authorized in 
 section 124.321; 

    (17) special education excess cost aid authorized in 
 section 124.323; 

    (18) learning readiness aid authorized in section 124.2615; 
 and 

    (19) cooperation-combination aid authorized in section 
 124.2725. 

    (b) The commissioner of children, families, and learning 
 shall schedule the timing of the adjustments to state aids and 
 credits specified in subdivision 1, as close to the end of the 
 fiscal year as possible. 

    Subd. 3.    Accounting.  Each district shall establish 
 an account which shall be designated "property tax recognition 
 account".  This account shall reflect the adjustments made 
 pursuant to subdivision 1 according to the fiscal year specified.

    HIST: 3Sp1981 c 2 art 4 s 3 subds 3,4; 1982 c 548 art 7 s 
 8-10; 3Sp1982 c 1 art 3 s 2,3; 1983 c 314 art 6 s 10; 1984 c 463 
 art 9 s 3; 1Sp1985 c 14 art 4 s 17; 1Sp1986 c 1 art 5 s 5; 1987 
 c 268 art 6 s 2; 1988 c 486 s 23; 1988 c 719 art 5 s 1; 1989 c 
 222 s 11; 1989 c 277 art 2 s 3; 1989 c 329 art 6 s 34,35; 1990 c 
 562 art 6 s 19; 1991 c 130 s 9,37; 1991 c 265 art 3 s 38; 1992 c 
 499 art 1 s 6; art 12 s 9,29; 1992 c 511 art 1 s 25; 1992 c 603 
 s 14; 1993 c 224 art 14 s 8,16; 1993 c 374 s 26; 1994 c 647 art 
 1 s 5; art 6 s 21; 1Sp1995 c 3 art 1 s 7; art 16 s 13; 1996 c 
 412 art 1 s 6; 1997 c 7 art 1 s 49; 1Sp1997 c 4 art 1 s 11; art 
 11 s 1