Subdivision 1.

[Repealed, 1Sp2001 c 5 art 2 s 30 para (b)]

Subd. 2.

Terms Used In Minnesota Statutes 126C.13

  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.

[Repealed, 1Sp2001 c 5 art 2 s 30 para (b)]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[Repealed, 1Sp2001 c 5 art 2 s 30 para (b)]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MS 2016 [Repealed, 1Sp2015 c 3 art 1 s 28]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MS 2016 [Repealed, 1Sp2015 c 3 art 1 s 28]

Subd. 3c.

MS 2016 [Repealed, 1Sp2015 c 3 art 1 s 28]

Subd. 4.General education aid.

For fiscal year 2015 and later, a district’s general education aid equals:

(1) general education revenue, excluding operating capital revenue, equity revenue, local optional revenue, and transition revenue, minus the student achievement levy, multiplied times the ratio of the actual amount of student achievement levy levied to the permitted student achievement levy; plus

(2) operating capital aid under section 126C.10, subdivision 13b;

(3) equity aid under section 126C.10, subdivision 30; plus

(4) transition aid under section 126C.10, subdivision 33; plus

(5) shared time aid under section 126C.01, subdivision 7; plus

(6) referendum aid under section 126C.17, subdivisions 7 and 7a; plus

(7) online learning aid under section 124D.096; plus

(8) local optional aid according to section 126C.10, subdivision 2e, paragraph (c).

Subd. 5.Uses of revenue.

Except as provided in sections 126C.10, subdivision 14; 126C.12; and 126C.15, general education revenue may be used during the regular school year and the summer for general and special school purposes.