1999 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, excluding any 
 district where the general education levy is determined 
 according to section 126C.13, subdivision 3, 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.  (1) Notwithstanding 
 any provisions of any other law to the contrary, the adjusted 
 net tax capacity used in calculating general education aid may 
 include only that property that is currently taxable in the 
 district.  

    (2) For districts that received payments under sections 
 298.018; 298.24 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 must 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 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 clause, 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 
 clause must be recognized as 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