Source: https://www.revisor.mn.gov/statutes/2018/cite/124D.4531
Timestamp: 2019-10-18 04:53:58
Document Index: 376491332

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﻿ Sec. 124D.4531 MN Statutes
Section 124D.4531
124D.453 124D.4535
2014 Subd. 1 Amended 2014 c 272 art 3 s 43
2014 Subd. 3 Amended 2014 c 272 art 3 s 44
2014 Subd. 3a Amended 2014 c 272 art 3 s 45
2013 124D.4531 Amended 2013 c 116 art 1 s 14
2013 Subd. 1 Amended 2013 c 144 s 6
2012 Subd. 1 Amended 2012 c 239 art 1 s 21
2012 Subd. 3 Amended 2012 c 239 art 1 s 22
2012 Subd. 3a New 2012 c 239 art 1 s 23
2011 Subd. 1 Amended 2011 c 11 art 2 s 41
2009 Subd. 5 New 2009 c 88 art 2 s 1
2005 124D.4531 New 2005 c 5 art 2 s 66
124D.4531 CAREER AND TECHNICAL REVENUE.
Subdivision 1.Career and technical revenue.
(3) contracted services provided by a public or private agency other than a Minnesota school district or cooperative center under chapter 123A or 136D;
(b) The district must recognize the full amount of this levy as revenue for the fiscal year in which it is certified.
(c) The amount of the revenue calculated under this subdivision may not exceed $17,850,000 for taxes payable in 2012, $15,520,000 for taxes payable in 2013, and $20,657,000 for taxes payable in 2014.
(d) If the estimated revenue exceeds the amount in paragraph (c), the commissioner must reduce the percentage in paragraph (a) until the estimated revenue no longer exceeds the limit in paragraph (c).
Subd. 1a.Career and technical levy.
(a) For fiscal year 2014 only, a district may levy an amount not more than the product of its career and technical revenue times the lesser of one or the ratio of its adjusted net tax capacity per adjusted pupil unit in the fiscal year in which the levy is certified to the career and technical revenue equalizing factor. The career and technical revenue equalizing factor for fiscal year 2014 equals $7,612.
(b) For fiscal year 2015 and later, a district may levy an amount not more than the product of its career and technical revenue times the lesser of one or the ratio of its adjusted net tax capacity per adjusted pupil unit in the fiscal year in which the levy is certified to the career and technical revenue equalizing factor. The career and technical revenue equalizing factor for fiscal year 2015 and later equals $7,612.
Subd. 1b.Career and technical aid.
For fiscal year 2014 and later, a district's career and technical aid equals its career and technical revenue less its career and technical levy. If the district levy is less than the permitted levy, the district's career and technical aid shall be reduced proportionately.
Subd. 2.Allocation from cooperative centers and intermediate districts.
For purposes of this section, a cooperative center or an intermediate district must allocate its approved expenditures for career and technical education programs among participating districts.
Subd. 3.Revenue guarantee.
Notwithstanding subdivision 1, paragraph (a), the career and technical education revenue for a district is not less than the lesser of:
(1) the district's career and technical education revenue for the previous fiscal year; or
(2) 100 percent of the approved expenditures for career and technical programs included in subdivision 1, paragraph (a), for the fiscal year in which the levy is certified.
Subd. 3a.Revenue adjustments.
Notwithstanding subdivisions 1, 1a, and 3, for taxes payable in 2012 to 2014 only, the department must calculate the career and technical revenue for each district according to Minnesota Statutes 2010, section 124D.4531, and adjust the revenue for each district proportionately to meet the statewide revenue target under subdivision 1, paragraph (c). For purposes of calculating the revenue guarantee under subdivision 3, the career and technical education revenue for the previous fiscal year is the revenue according to Minnesota Statutes 2010, section 124D.4531, before adjustments to meet the statewide revenue target.
Subd. 4.District reports.
Each district or cooperative center must report data to the department for all career and technical education programs as required by the department to implement the career and technical revenue formula.
Subd. 5.Allocation from districts participating in agreements for secondary education or interdistrict cooperation.
For purposes of this section, a district with a career and technical program approved under this section that participates in an agreement under section 123A.30 or 123A.32 must allocate its revenue authority under this section among participating districts.
1Sp2005 c 5 art 2 s 66; 2009 c 88 art 2 s 1; 1Sp2011 c 11 art 2 s 41; 2012 c 239 art 1 s 21-23; 2013 c 116 art 1 s 14; 2013 c 144 s 6; 2014 c 272 art 3 s 43-45