1997 Minnesota Code
Chapters 120 - 129B Education Code: Prekindergarten - Grade 12
Chapter 124A General Education Revenue
Section 124A.24 General education levy equity.

124A.24 General education levy equity.

If a district's general education levy is determined according to section 124A.23, subdivision 3, an amount must be deducted from state aid authorized in this chapter and chapters 124 and 124B, 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 124.646 must not be reduced.

The amount of the deduction equals the difference between:

(1) the general education tax rate, according to section 124A.23, 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 124A.22.

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

* NOTE: This section is repealed effective June 30, 1999. *Laws 1992, chapter 499, article 7, section 31.