§ 127A.50 — Aid Adjustments Due to Changes in Employer Retirement Contribution Rates
Plain-Language Summary
This section addresses how changes in employer retirement contribution rates affect state aid to school districts. If state law increases the required contributions districts must make to teacher pension funds, the state may adjust district aid accordingly. Districts that reorganize or dissolve have their adjustments recalculated.
127A.50 AID ADJUSTMENTS DUE TO CHANGES IN EMPLOYER RETIREMENT CONTRIBUTION RATES.
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Subdivision 1.
MS 2012 [Repealed, 2013 c 116 art 1 s 59] §
Subd. 2.Appropriation.
The amounts necessary to pay any positive net adjustments under this section to any school district are appropriated annually from the general fund to the commissioner of education. §
Subd. 3.
MS 2024 [Repealed, 2025 c 20 s 294] §
Subd. 4.Effect of reorganizations.
The commissioner of education shall reapportion the aid adjustments to school districts under this section to account for significant changes in boundaries or consolidations, as determined by the commissioner. If a school district is dissolved, or a school district function thereof is assumed by either the state or a nonpublic organization, adjustments for all or the appropriate fraction of the total payroll under this section must terminate. §
Subd. 5.
MS 2012 [Repealed, 2013 c 116 art 1 s 59]
History:
1997 c 233 art 1 s 14; 1998 c 397 art 4 s 51; art 11 s 3; 1Sp2001 c 6 art 1 s 40; 2003 c 130 s 12; 2006 c 277 art 3 s 1
History: History: 1997 c 233 art 1 s 14; 1998 c 397 art 4 s 51; art 11 s 3; 1Sp2001 c 6 art 1 s 40; 2003 c 130 s 12; 2006 c 277 art 3 s 1