Minnesota Statutes
Chapter 126C — Education Funding
Section 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 political subdivisions. (a) A district may levy the amount necessary (1) to pay the district's obligations under section 268.052, subdivision 1, and (2) to pay for job placement services offered to employees who may become eligible for benefits pursuant to section 268.085 for the fiscal year the levy is certified.
(b) Districts with a balance remaining in their reserve for reemployment as of June 30, 2003, may not expend the reserved funds for future reemployment expenditures. Each year a levy reduction must be made to return these funds to taxpayers. The amount of the levy reduction must be equal to the lesser of: (1) the remaining reserved balance for reemployment, or (2) the amount of the district's current levy under paragraph (a).
Subd. 3. Tax levy for judgment. A district may levy the amount necessary to pay judgments against the district under section 123B.25 that became final after the date the district certified its proposed levy in the previous year. With the approval of the commissioner, a district may spread this levy over a period not to exceed three years. Upon approval through the adoption of a resolution by each of an intermediate district's member school district boards, a member school district may include its proportionate share of the costs of a judgment against an intermediate school district that became final under section 123B.25 after the date that the earliest member school district certified its proposed levy in the previous year. With the approval of the commissioner, an intermediate school district member school district may spread this levy over a period not to exceed three years.
Subd. 4. Levy limitations of reorganized districts. A district may levy the amounts authorized by section 123A.73.
Subd. 5. Expenses of transition; dissolved district. A district may levy the amounts necessary to pay the district's obligations under section 123A.76.
Subd. 6. Teacher severance pay. A district may levy for severance pay required by sections 124D.05, subdivision 3, and 123A.30, subdivision 6.
1975 c 432 s 75; 1976 c 271 s 81; 1977 c 447 art 6 s 8; 1978 c 764 s 105; 1982 c 548 art 6 s 21; 1983 c 314 art 6 s 24; 1984 c 463 art 6 s 6; 1986 c 444; 1987 c 398 art 1 s 21; art 6 s 12; 1988 c 486 s 85; 1988 c 718 art 6 s 20,21; 1988 c 719 art 5 s 84; 1989 c 329 art 6 s 48; art 13 s 9-11,20; 1Sp1989 c 1 art 2 s 11; 1990 c 426 art 2 s 1; 1990 c 562 art 6 s 33; art 7 s 10; art 10 s 9-11; 1990 c 596 s 3; 1991 c 130 s 29; 1991 c 265 art 5 s 12; 1991 c 291 art 4 s 1; 1992 c 499 art 6 s 29; art 7 s 11,26; art 12 s 29; 1992 c 511 art 2 s 21; art 5 s 9; 1992 c 603 s 11; 1993 c 224 art 7 s 13; art 8 s 3,4; 1994 c 647 art 8 s 9; 1Sp1995 c 3 art 1 s 17; art 16 s 13; 1996 c 412 art 4 s 10; art 13 s 18; 1997 c 66 s 79; 1Sp1997 c 4 art 1 s 26-28; art 2 s 31; 1998 c 265 s 45; 1998 c 397 art 7 s 111,164; art 11 s 3; 1999 c 107 s 66; 2000 c 343 s 4; 1Sp2001 c 6 art 1 s 38; 2002 c 377 art 5 s 3; 1Sp2003 c 9 art 5 s 9,10; 1Sp2005 c 5 art 1 s 36,37; 2006 c 263 art 1 s 14

Structure Minnesota Statutes

Minnesota Statutes

Chapters 120 - 129C — Education Code: Prekindergarten - Grade 12

Chapter 126C — Education Funding

Section 126C.01 — Definitions.

Section 126C.05 — Definition Of Pupil Units.

Section 126C.10 — General Education Revenue.

Section 126C.12 — Learning And Development Revenue Amount And Use.

Section 126C.126 — Use Of General Education Revenue For All-day Kindergarten And Prekindergarten.

Section 126C.13 — General Education Aid.

Section 126C.15 — Basic Skills Revenue; Compensatory Education Revenue.

Section 126C.17 — Referendum Revenue.

Section 126C.19 — Shared Time Aid.

Section 126C.20 — Annual General Education Aid Appropriation.

Section 126C.21 — Deductions From General Education Aid.

Section 126C.40 — Capital Levies.

Section 126C.41 — Benefits Levies.

Section 126C.43 — Levies; Statutory Obligations.

Section 126C.44 — Safe Schools Levy.

Section 126C.445 — Tree Growth Replacement Revenue.

Section 126C.45 — Ice Arena Levy.

Section 126C.455 — Swimming Pool Levy.

Section 126C.46 — Abatement Levy.

Section 126C.48 — Levy Procedure.

Section 126C.50 — Tax And Aid Anticipation Borrowing; Definitions.

Section 126C.51 — Application Of Limiting Tax Legislation.

Section 126C.52 — Authority To Borrow Money; Limitations.

Section 126C.53 — Enabling Resolution; Form Of Certificates Of Indebtedness.

Section 126C.54 — Repayment; Maturity Date Of Certificates; Interest.

Section 126C.55 — State Payment Of Debt Obligation Upon Potential Default; Repayment; State Obligation Not Debt.

Section 126C.56 — Sale Of Certificates; Disbursement Of Proceeds.

Section 126C.60 — Loans To Distressed Districts.

Section 126C.61 — Citation, Maximum Effort School Aid Law.

Section 126C.62 — Policy And Purpose.

Section 126C.63 — Definitions.

Section 126C.64 — Net Debt; Determination.

Section 126C.65 — Fund Established; Division Into Accounts.

Section 126C.66 — Appropriation.

Section 126C.67 — School Loans.

Section 126C.69 — Capital Grants And Loans.

Section 126C.70 — Prepayments.

Section 126C.71 — Payment And Applications Of Payment.

Section 126C.72 — Issuance And Sale Of Bonds.