1997 Minnesota Code
Chapters 120 - 129B Education Code: Prekindergarten - Grade 12
Chapter 124 Education Finance
Section 124.825 Historic building revenue.
124.825 Historic building revenue.
Subdivision 1. Eligibility. A district that maintains a school building listed on the National Register of Historic Places is eligible for historic building revenue.
Subd. 2. Revenue. A district's historic building revenue is equal to $100 times the number of actual pupil units served in the school building.
Subd. 3. Levy. To obtain historic building revenue, a district may levy an amount, not to exceed the district's revenue, equal to the district's revenue authority for that year times the lesser of one or the ratio of the adjusted net tax capacity divided by its actual pupil units for that school year to $10,000.
Subd. 4. Aid. A district's historic building aid is equal to the difference between the district's revenue minus the levy. If a district does not levy the entire amount permitted, the district's aid must be reduced in proportion to the amount levied.
HIST: 1Sp1997 c 4 art 4 s 16
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