Title Minnesota Statutes, Minnesota Statutes

126C.126 USE OF GENERAL EDUCATION REVENUE FOR ALL-DAY KINDERGARTEN AND PREKINDERGARTEN. A school district may spend general education revenue on extended time kindergarten and prekindergarten programs. At the school board's discretion, the district may use revenue generated by th…

126C.13 GENERAL EDUCATION AID. § Subdivision 1. [Repealed, 1Sp2001 c 5 art 2 s 30 para (b)] § Subd. 2. [Repealed, 1Sp2001 c 5 art 2 s 30 para (b)] § Subd. 3. [Repealed, 1Sp2001 c 5 art 2 s 30 para (b)] § Subd. 3a. MS 2016 [Repealed, 1Sp2015 c 3 art 1 s 28] § Subd. 3b. MS 2016 [Re…

126C.15 BASIC SKILLS REVENUE; COMPENSATORY EDUCATION REVENUE. § Subdivision 1.Use of revenue. (a) The basic skills revenue under section 126C.10, subdivision 4, must be reserved and used to meet the educational needs of pupils who enroll under-prepared to learn and whose progress…

126C.17 REFERENDUM REVENUE. § Subdivision 1.Referendum allowance. (a) A district's initial referendum allowance for fiscal year 2021 and later equals the result of the following calculations: (1) subtract $424 from the district's allowance under Minnesota Statutes 2018, section 1…

126C.19 SHARED TIME AID. § Subdivision 1.To resident district. Aid for shared time pupils must be paid to the district of the pupil's residence. If a pupil attends shared time classes in another district, the resident district must pay to the district of attendance an amount of t…

126C.20 ANNUAL GENERAL EDUCATION AID APPROPRIATION. There is annually appropriated from the general fund to the department the amount necessary for general education aid under section 126C.13. This amount must be reduced by the amount of any money specifically appropriated for th…

126C.21 DEDUCTIONS FROM GENERAL EDUCATION AID. § Subdivision 1. MS 2008 [Repealed, 2008 c 363 art 2 s 52] § Subd. 2.Minimum.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…

126C.40 OPERATIONAL AND CAPITAL LEVIES. § Subdivision 1.To lease building or land. (a) When an independent or a special school district or a group of independent or special school districts finds it economically advantageous to rent or lease a building or land for any instruction…

126C.41 BENEFITS LEVIES. § Subdivision 1. [Repealed, 1Sp2015 c 3 art 1 s 28] § Subd. 2.Retired employee health benefits. (a) A district may levy an amount up to the amount the district is required by the collective bargaining agreement in effect on March 30, 1992, to pay for heal…

126C.43 LEVIES; STATUTORY OBLIGATIONS. § Subdivision 1.Allocation of assets and liabilities. A district may levy the amount authorized for liabilities of dissolved districts pursuant to section 123A.67. § Subd. 2.Payment to unemployment insurance program trust fund by state and p…

126C.44 SAFE SCHOOLS REVENUE. § Subdivision 1.Safe schools revenue for school districts. A school district's safe schools revenue equals its safe schools levy. § Subd. 2.School district safe schools levy. A school district's safe schools levy equals $36 times the district's adjus…

126C.445 TREE GROWTH REPLACEMENT REVENUE. For taxes payable in 2003 and later, a school district may levy an amount not to exceed its miscellaneous revenue for tree growth revenue for taxes payable in 2001. History: 2002 c 377 art 6 s 2

126C.45 ICE ARENA LEVY. (a) Each year, an independent school district operating and maintaining an ice arena, may levy for the net operational costs of the ice arena. The levy may not exceed the net actual costs of operation of the arena for the previous year. Net actual costs ar…

126C.455 SWIMMING POOL LEVY. Each year, a school district with its home office located in a county that has (i) a population density of ten or fewer persons per square mile according to the 2000 census of population; (ii) an international border; and (iii) more than one school di…

126C.46 ABATEMENT LEVY. (a) Each year, a school district may levy an amount to replace the net revenue lost to abatements that have occurred under chapter 278, section 270C.86, 375.192, or otherwise. The maximum abatement levy is the sum of: (1) the amount of the net revenue loss…

126C.48 LEVY PROCEDURE. § Subdivision 1.Certify levy limits. (a) By September 8, the commissioner shall notify the school districts of their levy limits. The commissioner shall certify to the county auditors the levy limits for all districts headquartered in the respective counti…

126C.50 TAX AND AID ANTICIPATION BORROWING; DEFINITIONS. School district as used in sections 126C.50 to 126C.56 means any common, independent, and special school district in the state of Minnesota, however organized and wherever located. History: 1963 c 371 s 1; 1981 c 1 s 3; 1Sp…

126C.51 APPLICATION OF LIMITING TAX LEGISLATION. Notwithstanding the provisions of section 471.69 or 471.75, or of any other provision of law which by per capita limitation, local tax rate limitation, or otherwise, limits the power of a district to incur any debt or to issue any …

126C.52 AUTHORITY TO BORROW MONEY; LIMITATIONS. § Subdivision 1.Borrowing authority. The board of any school district may borrow money upon negotiable tax anticipation certificates of indebtedness, in the manner and subject to the limitations set forth in sections 126C.50 to 126C…

126C.53 ENABLING RESOLUTION; FORM OF CERTIFICATES OF INDEBTEDNESS. The board of a school district or intermediate school district may authorize and effect such borrowing, and may issue such certificates of indebtedness upon passage of a resolution specifying the amount and purpos…

126C.54 REPAYMENT; MATURITY DATE OF CERTIFICATES; INTEREST. The proceeds of the current tax levies and future state aid receipts or other school funds which may become available must be applied to the extent necessary to repay such certificates and the full faith and credit of th…

126C.55 STATE PAYMENT OF DEBT OBLIGATION UPON POTENTIAL DEFAULT; REPAYMENT; STATE OBLIGATION NOT DEBT. § Subdivision 1.Definitions. For the purposes of this section, the term "debt obligation" means: (1) a certificate of indebtedness issued under section 126C.52; (2) a certificat…

126C.56 SALE OF CERTIFICATES; DISBURSEMENT OF PROCEEDS. § Subdivision 1.Public sale. The clerk of the board shall give notice of the proposed sale as required by chapter 475. At the time and place so fixed, such certificates may be sold by the board, or its officers if authorized…

126C.60 LOANS TO DISTRESSED DISTRICTS. Financial aid to distressed districts is governed by the provisions of the Maximum Effort School Aid Law. History: Ex1959 c 71 art 5 s 35; 1998 c 397 art 7 s 43,164

126C.61 CITATION, MAXIMUM EFFORT SCHOOL AID LAW. Sections 126C.61 to 126C.72 may be cited as the "Maximum Effort School Aid Law." History: Ex1959 c 27 s 1; 1994 c 465 art 2 s 1; 1998 c 397 art 7 s 164; art 11 s 3

126C.62 POLICY AND PURPOSE. The rates of increase in school population in Minnesota and population shifts and economic changes in recent years, and anticipated in future years, have required and will require large expenditures for performing the duty of the state and its subdivis…

126C.63 DEFINITIONS. § Subdivision 1.Scope. As used in sections 126C.63 to 126C.72, the terms defined in this section shall have the meanings given them. § Subd. 2.District. "District" means any school district defined in the Education Code. § Subd. 3.Indebtedness; debt. "Indebte…

126C.64 NET DEBT; DETERMINATION. In computing "net debt" and in determining whether a district is eligible for a state loan, state loans to the district shall not be considered, notwithstanding the provisions of any other general or special law. History: 1967 c 583 s 7; 1998 c 39…

126C.65 FUND ESTABLISHED; DIVISION INTO ACCOUNTS. § Subdivision 1.Maximum effort school loan fund. A "maximum effort school loan fund" for administration of moneys to be received and disbursed as authorized and required by sections 126C.61 to 126C.72 must be maintained in the sta…

126C.66 APPROPRIATION. § Subdivision 1.Appropriation. In addition to all sums which have been or may hereafter be appropriated by any law, the net proceeds of sale of any state school loan bonds authorized to be issued under section 126C.72, and all income received from the inves…

126C.67 SCHOOL LOANS. § Subdivision 1.Consideration by commissioner. The commissioner shall receive and consider applications for and grant or deny loans under sections 126C.61 to 126C.72. § Subd. 2.Application forms; rules. The commissioner, with the assistance of the attorney g…

126C.69 CAPITAL GRANTS AND LOANS. § Subdivision 1.Capital grant and loan requests and uses. Capital grants and loans are available only to qualifying districts. Capital grants and loans must not be used for the construction of swimming pools, ice arenas, athletic facilities, audi…

126C.70 PREPAYMENTS. A district may at any time pay the entire principal or part thereof and interest then due on a note or contract held by the state, out of any moneys not needed for school purposes. The district may issue and sell its refunding bonds in accordance with chapter…

126C.71 PAYMENT AND APPLICATIONS OF PAYMENT. § Subdivision 1.Payment. (a) On November 20 of each year, each district having an outstanding capital loan or debt service loan shall compute the excess amount in the debt redemption fund. The commissioner shall prescribe the form and …

126C.72 ISSUANCE AND SALE OF BONDS. § Subdivision 1.Certification. On or before October 1 in each year, the commissioner shall certify to the commissioner of management and budget the amount anticipated to be needed for debt service loans and capital loans to be made under the Ma…