1999 Minnesota Statutes

     126C.14 General education levy equity. 

    If a district's general education levy is determined 
 according to section 126C.13, subdivision 3, an amount must be 
 deducted from state aid authorized in this chapter and chapters 
 120B, 122A, 123A, 123B, 124B, 124D, 125A, and 127A, receivable 
 for the same school year, and from other state payments 
 receivable for the same school year authorized in chapter 273.  
 The aid in section 124D.111 must not be reduced. 

    The amount of the deduction equals the difference between: 

    (1) the general education tax rate, according to section 
 126C.13, times the district's adjusted net tax capacity used to 
 determine the general education aid for the same school year; 
 and 

    (2) the district's general education revenue, excluding 
 transition revenue and supplemental revenue, for the same school 
 year, according to section 126C.10. 

    HIST: 1987 c 398 art 1 s 13; 1988 c 486 s 65; 1988 c 718 art 1 
 s 7; 1988 c 719 art 5 s 84; 1989 c 209 art 2 s 9; 1989 c 222 s 
 29; 1989 c 329 art 13 s 20; 1Sp1989 c 1 art 2 s 11; 1991 c 130 s 
 22; 1991 c 265 art 1 s 23; 1992 c 499 art 12 s 17; 1993 c 224 
 art 1 s 21; 1Sp1995 c 3 art 1 s 48; 1998 c 397 art 7 s 164; art 
 11 s 3 

*   NOTE:  This section (formerly section 124A.24) is repealed 
*effective June 30, 2001.  Laws 1992, chapter 499, article 7, 
*section 31, as amended by Laws 1998, chapter 398, article 1, 
*section 39.