Chapter 124 — Cooperative Facilities Grant Act

122A.65 This section has been repealed or renumbered by the Minnesota Legislature. 123A.26 Cooperative Units; Prohibited Aid and Levies Cooperative government units generally cannot levy property taxes or receive state aid unless a specific law allows it. 123A.44 Citation Sections 123A.441 to 123A.445 are called the Cooperative Facilities Grant Act. 123A.441 Policy and Purpose The cooperative facilities grant program helps school districts that are losing students or facing economic hardship … 123A.444 Levy for Severance Pay A joint powers board running a cooperative school can levy taxes to pay severance and early retirement for teachers put … 123A.445 Transportation School boards in a cooperative agreement can provide free transportation for students between districts that are part of … 123A.446 This section has been repealed or renumbered by the Minnesota Legislature. 123A.485 Consolidation Transition Revenue Districts that merged after June 30, 1994 can get extra transition money to help with costs like staff changes and … 123A.488 Consolidation; Instruction by Nonresidential District When school districts merge, state aid keeps flowing as before for the rest of that school year. Districts may charge … 123A.77 Surplus County School Tax Funds; Distribution When school districts reorganize, any leftover county school tax money goes to the new reorganized district. 123B.12 Insufficient Funds to Pay Orders When a school district does not have enough money to pay its bills, it can borrow from banks or get a line of credit. 123B.13 Land in Settlement of Claim Against Surety A school board can accept land instead of cash to settle claims against a bank that failed to return district funds. 123B.54 Debt Service Appropriation Money for debt service equalization aid payments is automatically set aside each year from the state general fund. 123B.55 Debt Service Levy School districts can levy property taxes to pay off bonds and related debt, minus any equalization revenue they receive. 123B.56 Health, Safety, and Environmental Management Health, safety, and environmental management means the activities schools must do to follow state health, safety, and … 123B.57 Health and Safety Projects This section covered health and safety projects for school districts. Most subdivisions have been repealed. 123B.58 Disability Access and Fire Safety Improvements to School Buildings School districts can get state help to pay for making buildings accessible to people with disabilities and to fix fire … 123B.60 Building Bonds for Calamities When a school building is badly damaged by a disaster, the district can issue bonds without a public vote to make … 123B.61 Purchase of Certain Equipment School boards can issue debt to buy vehicles, computers, and other equipment that will last as long as the repayment … 123B.62 Bonds for Certain Capital Facilities With the commissioner's approval, school districts can issue bonds for capital projects like energy upgrades and … 123B.63 Capital Project Referendum School districts can ask voters to approve a special levy for capital projects like building repairs and equipment. 123B.64 This section has been repealed or renumbered by the Minnesota Legislature. 123B.747 National Forest Land Funds, Handling and Disposition County boards can send federal national forest land payments to school districts that operate schools in or near forest … 124.01 This section has been repealed or renumbered by the Minnesota Legislature. 124.02 This section has been repealed or renumbered by the Minnesota Legislature. 124.03 This section has been repealed or renumbered by the Minnesota Legislature. 124.04 This section has been repealed or renumbered by the Minnesota Legislature. 124.05 This section has been repealed or renumbered by the Minnesota Legislature. 124.06 This section has been renumbered. See section 123B.12 for current law. 124.07 This section has been renumbered. See section 123B.13 for current law. 124.078 This section has been renumbered. See section 127A.30 for current law. 124.079 This section has been renumbered. See section 127A.31 for current law. 124.08 This section has been renumbered. See section 127A.32 for current law. 124.09 This section has been renumbered. See section 127A.33 for current law. 124.10 This section has been renumbered. See section 127A.34 for current law. 124.11 This section covered school aid computations. Most subdivisions have been repealed or renumbered. 124.12 This section addressed school aid distribution methods. Most provisions have been repealed. 124.13 This section has been repealed or renumbered by the Minnesota Legislature. 124.14 This section covered state aid for school districts including calculation methods and payment schedules. 124.15 This section addressed additional state aid provisions for school districts including special calculations. 124.155 This section has been renumbered. See section 127A.44 for current law. 124.16 This section has been repealed or renumbered by the Minnesota Legislature. 124.17 This section covered pupil unit calculations used to determine school funding. Most provisions repealed or renumbered. 124.175 This section has been renumbered. See section 126C.06 for current law. 124.177 This section has been repealed or renumbered by the Minnesota Legislature. 124.18 This section has been renumbered. See section 123A.488 for current law. 124.185 This section has been repealed or renumbered by the Minnesota Legislature. 124.19 This section covered state aid payment schedules and adjustments for school districts. 124.193 This section has been renumbered. See section 123A.26 for current law. 124.195 This section addressed school district revenue calculations and levy limitations. Most provisions repealed. 124.196 This section has been renumbered. See section 127A.46 for current law. 124.197 This section has been repealed or renumbered by the Minnesota Legislature. 124.20 This section addressed school aid calculations related to property valuations. Most provisions repealed. 124.201 This section has been repealed or renumbered by the Minnesota Legislature. 124.21 This section has been repealed or renumbered by the Minnesota Legislature. 124.211 This section has been repealed or renumbered by the Minnesota Legislature. 124.212 This section covered the general education revenue formula with many detailed calculation provisions. Most repealed. 124.2121 This section covered general education revenue formulas for school districts. 124.2122 This section addressed training and experience revenue calculations for school districts. 124.2123 This section has been repealed or renumbered by the Minnesota Legislature. 124.2124 This section has been repealed or renumbered by the Minnesota Legislature. 124.2125 This section has been repealed or renumbered by the Minnesota Legislature. 124.2126 This section covered supplemental revenue calculations for school districts. 124.2127 This section addressed referendum revenue and levy authority for school districts. 124.2128 This section has been renumbered. See section 124.2132 for current law. 124.2129 This section has been renumbered. See section 124.2133 for current law. 124.213 This section has been renumbered. See section 124.2137 for current law. 124.2131 This section addressed general education levy and aid calculations. Most provisions repealed. 124.2132 This section has been renumbered. See section 124A.035 for current law. 124.2133 This section has been renumbered. See section 124A.036 for current law. 124.2134 This section has been repealed or renumbered by the Minnesota Legislature. 124.2137 This section has been repealed or renumbered by the Minnesota Legislature. 124.2138 This section covered education revenue adjustments. Most provisions repealed. 124.2139 This section has been repealed or renumbered by the Minnesota Legislature. 124.214 This section has been renumbered. See section 127A.49 for current law. 124.2141 This section has been renumbered. See section 127A.50 for current law. 124.215 This section addressed school district revenue limits and calculations. Most provisions repealed. 124.2161 This section has been repealed or renumbered by the Minnesota Legislature. 124.2162 This section has been repealed or renumbered by the Minnesota Legislature. 124.2163 This section has been repealed or renumbered by the Minnesota Legislature. 124.217 This section has been repealed or renumbered by the Minnesota Legislature. 124.22 This section covered aid for community education programs. Most provisions repealed. 124.221 This section has been repealed or renumbered by the Minnesota Legislature. 124.222 This section covered secondary vocational aid for school districts. Most provisions repealed. 124.223 This section has been repealed or renumbered by the Minnesota Legislature. 124.224 This section has been repealed or renumbered by the Minnesota Legislature. 124.225 This section addressed community education program revenue and levy calculations in great detail. 124.226 This section has been repealed or renumbered by the Minnesota Legislature. 124.227 This section has been renumbered. See section 124D.87 for current law. 124.23 This section has been repealed or renumbered by the Minnesota Legislature. 124.239 This section covered early childhood family education revenue and levy calculations for school districts. 124.24 This section has been repealed or renumbered by the Minnesota Legislature. 124.241 This section has been repealed or renumbered by the Minnesota Legislature. 124.242 This section has been renumbered. See section 123B.60 for current law. 124.243 This section addressed school district cooperation revenue including shared programs. Most provisions repealed. 124.244 This section covered school-age care revenue for before and after school programs. Most provisions repealed. 124.2442 This section has been repealed or renumbered by the Minnesota Legislature. 124.2445 This section has been renumbered. See section 123B.61 for current law. 124.245 This section has been repealed or renumbered by the Minnesota Legislature. 124.2455 This section has been renumbered. See section 123B.62 for current law. 124.246 This section addressed adult education program aid for school districts. Most provisions repealed. 124.247 This section covered adult education levy authority for school districts. Most provisions repealed. 124.248 This section addressed education district and cooperative aid calculations for shared programs. 124.25 This section has been repealed or renumbered by the Minnesota Legislature. 124.251 This section has been repealed or renumbered by the Minnesota Legislature. 124.252 This section has been repealed or renumbered by the Minnesota Legislature. 124.255 This section has been renumbered. See section 124D.90 for current law. 124.26 This section addressed various education aid calculations and adjustments. Most provisions repealed. 124.2601 This section covered learning readiness aid for early childhood programs. Most provisions repealed. 124.2605 This section has been renumbered. See section 124D.55 for current law. 124.261 This section has been renumbered. See section 124D.54 for current law. 124.2613 This section has been renumbered. See section 124D.081 for current law. 124.2615 This section has been renumbered. See section 124D.16 for current law. 124.27 This section has been repealed or renumbered by the Minnesota Legislature. 124.271 This section covered school desegregation and integration transportation aid. Most provisions repealed. 124.2711 This section covered integration revenue for school districts to support racial integration efforts. 124.2712 This section has been renumbered. See section 124D.14 for current law. 124.2713 This section addressed interdistrict cooperation aid for desegregation efforts. Most provisions repealed. 124.2714 This section has been renumbered. See section 124D.21 for current law. 124.2715 This section has been renumbered. See section 124D.56 for current law. 124.2716 This section has been renumbered. See section 124D.22 for current law. 124.272 This section has been repealed or renumbered by the Minnesota Legislature. 124.2721 This section addressed American Indian education aid for tribal contract schools. Most provisions repealed. 124.2725 This section covered special education excess cost funding for school districts. Most provisions repealed. 124.2726 This section has been renumbered. See section 123A.485 for current law. 124.2727 This section addressed limited English proficiency program aid for school districts. Most provisions repealed. 124.2728 This section has been repealed or renumbered by the Minnesota Legislature. 124.273 This section covered capital expenditure revenue and levy authority for school districts in detail. 124.274 This section has been repealed or renumbered by the Minnesota Legislature. 124.275 This section has been repealed or renumbered by the Minnesota Legislature. 124.276 This section addressed operating capital and equipment levy authority. Most provisions repealed. 124.278 This section has been renumbered. See section 122A.65 for current law. 124.28 This section has been repealed or renumbered by the Minnesota Legislature. 124.281 This section has been repealed or renumbered by the Minnesota Legislature. 124.29 This section has been repealed or renumbered by the Minnesota Legislature. 124.30 This section has been repealed or renumbered by the Minnesota Legislature. 124.31 This section has been repealed or renumbered by the Minnesota Legislature. 124.311 This section has been renumbered. See section 124D.67 for current law. 124.3111 This section has been renumbered. See section 124D.66 for current law. 124.312 This section has been repealed or renumbered by the Minnesota Legislature. 124.313 This section has been repealed or renumbered by the Minnesota Legislature. 124.314 This section has been repealed or renumbered by the Minnesota Legislature. 124.315 This section has been renumbered. See section 124D.86 for current law. 124.32 This section covered special education aid formulas with detailed calculation provisions. Most repealed. 124.3201 This section covered special education levy calculations and equalization. Most provisions repealed. 124.3202 This section has been repealed or renumbered by the Minnesota Legislature. 124.321 This section has been renumbered. See section 125A.77 for current law. 124.322 This section addressed special education aid and excess cost calculations. Most provisions repealed. 124.323 This section has been renumbered. See section 125A.79 for current law. 124.33 This section has been repealed or renumbered by the Minnesota Legislature. 124.331 This section has been repealed or renumbered by the Minnesota Legislature. 124.332 This section has been repealed or renumbered by the Minnesota Legislature. 124.333 This section has been repealed or renumbered by the Minnesota Legislature. 124.34 This section has been repealed or renumbered by the Minnesota Legislature. 124.35 This section has been renumbered. See section 126C.60 for current law. 124.36 This section has been renumbered. See section 126C.61 for current law. 124.37 This section has been renumbered. See section 126C.62 for current law. 124.38 This section addressed maximum effort school aid law including loan provisions. Most provisions repealed. 124.381 This section has been renumbered. See section 126C.64 for current law. 124.39 This section has been renumbered. See section 126C.65 for current law. 124.40 This section has been renumbered. See section 126C.66 for current law. 124.41 This section has been renumbered. See section 126C.67 for current law. 124.42 This section has been renumbered. See section 126C.68 for current law. 124.43 This section has been repealed or renumbered by the Minnesota Legislature. 124.431 This section covered school loan and bond provisions including payment schedules and interest rates. 124.435 This section has been repealed or renumbered by the Minnesota Legislature. 124.44 This section has been renumbered. See section 126C.70 for current law. 124.45 This section has been renumbered. See section 126C.71 for current law. 124.46 This section has been renumbered. See section 126C.72 for current law. 124.47 This section has been repealed or renumbered by the Minnesota Legislature. 124.471 This section has been repealed or renumbered by the Minnesota Legislature. 124.472 This section has been repealed or renumbered by the Minnesota Legislature. 124.473 This section has been repealed or renumbered by the Minnesota Legislature. 124.474 This section has been repealed or renumbered by the Minnesota Legislature. 124.475 This section has been repealed or renumbered by the Minnesota Legislature. 124.476 This section has been repealed or renumbered by the Minnesota Legislature. 124.477 This section has been repealed or renumbered by the Minnesota Legislature. 124.478 This section has been repealed or renumbered by the Minnesota Legislature. 124.479 This section has been repealed or renumbered by the Minnesota Legislature. 124.48 This section addressed school building lease purchase agreements. Most provisions repealed. 124.481 This section has been renumbered. See section 124D.85 for current law. 124.491 This section has been renumbered. See section 123A.44 for current law. 124.492 This section has been renumbered. See section 123A.441 for current law. 124.493 This section covered cooperative school facility grants and requirements. Most provisions repealed. 124.494 This section addressed alternative facility bonding and levy authority for school districts. 124.4945 This section has been renumbered. See section 123A.444 for current law. 124.4946 This section has been renumbered. See section 123A.445 for current law. 124.495 This section has been renumbered. See section 123A.446 for current law. 124.496 This section has been repealed or renumbered by the Minnesota Legislature. 124.50 This section has been repealed or renumbered by the Minnesota Legislature. 124.51 This section has been repealed or renumbered by the Minnesota Legislature. 124.511 This section has been renumbered. See section 123A.77 for current law. 124.52 This section has been renumbered. See section 136C.21 for current law. 124.53 This section has been repealed or renumbered by the Minnesota Legislature. 124.54 This section has been renumbered. See section 136C.211 for current law. 124.55 This section has been renumbered. See section 136C.212 for current law. 124.56 This section has been renumbered. See section 136C.213 for current law. 124.561 This section has been repealed or renumbered by the Minnesota Legislature. 124.5611 This section has been renumbered. See section 136C.25 for current law. 124.5612 This section has been renumbered. See section 136C.26 for current law. 124.5613 This section covered secondary vocational cooperative center provisions. Most provisions repealed. 124.5614 This section has been renumbered. See section 136C.28 for current law. 124.5615 This section has been renumbered. See section 136C.29 for current law. 124.5616 This section has been renumbered. See section 136C.31 for current law. 124.5617 This section has been renumbered. See section 136C.32 for current law. 124.5618 This section has been renumbered. See section 136C.33 for current law. 124.5619 This section has been renumbered. See section 136C.34 for current law. 124.562 This section has been repealed or renumbered by the Minnesota Legislature. 124.5621 This section has been repealed or renumbered by the Minnesota Legislature. 124.5622 This section has been repealed or renumbered by the Minnesota Legislature. 124.5623 This section has been repealed or renumbered by the Minnesota Legislature. 124.5624 This section has been repealed or renumbered by the Minnesota Legislature. 124.5625 This section has been repealed or renumbered by the Minnesota Legislature. 124.5626 This section has been repealed or renumbered by the Minnesota Legislature. 124.5627 This section has been repealed or renumbered by the Minnesota Legislature. 124.5628 This section has been renumbered. See section 136C.35 for current law. 124.5629 This section has been renumbered. See section 136C.36 for current law. 124.563 This section has been repealed or renumbered by the Minnesota Legislature. 124.564 This section has been renumbered. See section 136C.41 for current law. 124.565 This section covered area vocational-technical college aid calculations. Most provisions repealed. 124.566 This section has been repealed or renumbered by the Minnesota Legislature. 124.57 This section addressed vocational education aid calculations. Most provisions repealed. 124.571 This section has been repealed or renumbered by the Minnesota Legislature. 124.572 This section addressed secondary vocational cooperative center aid. Most provisions repealed. 124.573 This section covered post-secondary vocational education aid formulas. Most provisions repealed. 124.574 This section addressed state college and university system appropriation formulas. Most provisions repealed. 124.575 This section covered community college supplemental funding formulas. Most provisions repealed. 124.58 This section has been renumbered. See section 136C.22 for current law. 124.59 This section has been renumbered. See section 136C.221 for current law. 124.60 This section has been renumbered. See section 136C.222 for current law. 124.61 This section has been renumbered. See section 136C.223 for current law. 124.611 This section has been repealed or renumbered by the Minnesota Legislature. 124.615 This section has been repealed or renumbered by the Minnesota Legislature. 124.62 This section has been repealed or renumbered by the Minnesota Legislature. 124.625 This section has been renumbered. See section 124D.97 for current law. 124.63 This section has been renumbered. See section 123B.747 for current law. 124.64 This section has been repealed or renumbered by the Minnesota Legislature. 124.645 This section has been repealed or renumbered by the Minnesota Legislature. 124.646 This section addressed school nutrition program aid. Most provisions repealed. 124.6462 This section has been renumbered. See section 124D.114 for current law. 124.6469 This section has been renumbered. See section 124D.115 for current law. 124.647 This section has been repealed or renumbered by the Minnesota Legislature. 124.6471 This section has been renumbered. See section 124D.116 for current law. 124.6472 This section has been renumbered. See section 124D.117 for current law. 124.6475 This section has been renumbered. See section 124D.119 for current law. 124.648 This section has been renumbered. See section 124D.118 for current law. 124.65 This section has been repealed or renumbered by the Minnesota Legislature. 124.66 This section has been repealed or renumbered by the Minnesota Legislature. 124.67 This section has been repealed or renumbered by the Minnesota Legislature. 124.68 This section has been repealed or renumbered by the Minnesota Legislature. 124.69 This section has been repealed or renumbered by the Minnesota Legislature. 124.71 This section covered tax levy limitations for school districts. Most provisions repealed. 124.72 This section has been renumbered. See section 126C.51 for current law. 124.73 This section has been renumbered. See section 126C.52 for current law. 124.74 This section has been renumbered. See section 126C.53 for current law. 124.75 This section has been renumbered. See section 126C.54 for current law. 124.755 This section has been renumbered. See section 126C.55 for current law. 124.76 This section has been renumbered. See section 126C.56 for current law. 124.77 This section has been repealed or renumbered by the Minnesota Legislature. 124.78 This section has been repealed or renumbered by the Minnesota Legislature. 124.781 This section has been repealed or renumbered by the Minnesota Legislature. 124.79 This section has been repealed or renumbered by the Minnesota Legislature. 124.801 This section has been repealed or renumbered by the Minnesota Legislature. 124.802 This section has been repealed or renumbered by the Minnesota Legislature. 124.803 This section has been repealed or renumbered by the Minnesota Legislature. 124.804 This section has been repealed or renumbered by the Minnesota Legislature. 124.805 This section has been repealed or renumbered by the Minnesota Legislature. 124.806 This section has been repealed or renumbered by the Minnesota Legislature. 124.82 This section has been renumbered. See section 123B.63 for current law. 124.825 This section has been renumbered. See section 123B.64 for current law. 124.829 This section has been renumbered. See section 123B.56 for current law. 124.83 This section has been renumbered. See section 123B.57 for current law. 124.84 This section has been renumbered. See section 123B.58 for current law. 124.85 This section addressed school district fund balance calculations and limitations. 124.86 This section has been renumbered. See section 124D.83 for current law. 124.90 This section has been renumbered. See section 125A.74 for current law. 124.91 This section addressed school district levy authority and limitations. Most provisions repealed. 124.912 This section covered school district benefit levy calculations. Most provisions repealed. 124.914 This section has been renumbered. See section 126C.42 for current law. 124.916 This section has been renumbered. See section 126C.41 for current law. 124.918 This section has been renumbered. See section 126C.48 for current law. 124.95 This section covered school district levy recalculations and adjustments after tax rate changes. 124.961 This section has been renumbered. See section 123B.54 for current law. 124.962 This section has been repealed or renumbered by the Minnesota Legislature. 124.97 This section has been renumbered. See section 123B.55 for current law. 124A.035 This section addressed basic revenue formulas for school funding. Most provisions repealed. 124A.036 This section covered compensatory education revenue for districts serving students from low-income families. 124D.081 This section covered learning readiness program aid and requirements. Most provisions repealed. 124D.114 Lactose Reduced Milk Schools may serve lactose-reduced milk or other dairy alternatives to students who cannot drink regular milk. 124D.115 This section has been repealed or renumbered by the Minnesota Legislature. 124D.116 This section has been repealed or renumbered by the Minnesota Legislature. 124D.117 Districts to Offer School Breakfast Program Certain school districts must offer a breakfast program for students, with state funding to help cover costs. 124D.118 School Milk Program The state provides funding for schools to offer a milk program, including grants for purchasing milk for students. 124D.119 Summer Food Service Program and Child and Adult Care Food Program Schools and organizations can get state and federal support to feed children during summer and in day care settings. 124D.14 This section has been repealed or renumbered by the Minnesota Legislature. 124D.16 This section addressed adult education program requirements and funding. Most provisions repealed. 124D.21 This section has been repealed or renumbered by the Minnesota Legislature. 124D.22 School-age Care Revenue School districts can collect revenue through levies and state aid to fund before-school and after-school care programs. 124D.54 This section has been repealed or renumbered by the Minnesota Legislature. 124D.55 Commissioner-selected High School Equivalency Test Fees The state pays the testing fees for people taking the high school equivalency (GED) exam. 124D.56 Community Education Program Revenue; Adults With Disabilities School districts get extra funding for community education programs that serve adults with disabilities. 124D.66 Assurance of Mastery Programs Assurance of mastery programs provide extra help for students in grades 1-6 who are falling behind in basic skills. 124D.67 This section has been repealed or renumbered by the Minnesota Legislature. 124D.83 State Revenue for American Indian Tribal Contract or Grant Schools American Indian tribal contract or grant schools receive state funding based on their student enrollment. 124D.85 This section has been repealed or renumbered by the Minnesota Legislature. 124D.86 This section has been repealed or renumbered by the Minnesota Legislature. 124D.87 Achievement and Integration Transportation Aid School districts that transport students for achievement and integration programs receive state transportation aid. 124D.90 School Enrichment Partnership Program The school enrichment partnership program connects community groups with schools to provide extra learning … 124D.97 This section has been repealed or renumbered by the Minnesota Legislature. 125A.74 Medical Assistance Payments to School Districts School districts can receive medical assistance payments for health services they provide to students on Medical … 125A.77 This section has been repealed or renumbered by the Minnesota Legislature. 125A.79 Special Education Excess Cost Aid This section covers how the state calculates extra funding for special education costs that exceed regular spending. 126C.06 This section has been repealed or renumbered by the Minnesota Legislature. 126C.41 Benefits Levies This section covered school district benefit levies for insurance, FICA, and pensions. Most provisions repealed. 126C.42 This section addressed additional benefit levy provisions. Most provisions repealed. 126C.48 Levy Procedure School districts must follow specific steps and timelines when setting their annual property tax levies. 126C.51 Application of Limiting Tax Legislation General tax limitation laws do not apply to school districts because schools have their own specific levy rules. 126C.52 Authority to Borrow Money; Limitations School districts can borrow money by issuing certificates of indebtedness, with limits on how much they can borrow. 126C.53 Enabling Resolution; Form of Certificates of Indebtedness The school board must pass a resolution to borrow money, and the certificates of indebtedness must follow a specific … 126C.54 Repayment; Maturity Date of Certificates; Interest Certificates of indebtedness must be repaid from the fund that borrowed the money, with interest rates at or below … 126C.55 State Payment of Debt Obligation Upon Potential Default; Repayment; State Obligation Not Debt If a school district might default on debt, the state can step in to make payments and then recover the money from … 126C.56 Sale of Certificates; Disbursement of Proceeds School district certificates of indebtedness must be sold through competitive bidding or negotiated sale. 126C.60 Loans to Distressed Districts The state can make emergency loans to school districts in serious financial trouble. 126C.61 Citation, Maximum Effort School Aid Law This section may be cited as the Maximum Effort School Aid Law. 126C.62 Policy and Purpose The maximum effort school aid law helps school districts that have high debt and low property values get state … 126C.64 Net Debt; Determination Net debt means a district's total debt minus any money already set aside to pay that debt. 126C.65 Fund Established; Division Into Accounts A maximum effort school loan fund is established with separate accounts. Some provisions have been repealed. 126C.66 Appropriation Money needed for maximum effort school loans is automatically set aside from the state general fund each year. 126C.67 School Loans The state can loan money to qualifying school districts to help them pay off their debts. 126C.68 This section covered school loan provisions. Most provisions have been repealed. 126C.70 Prepayments School districts can pay back their state loans early, and the state may prepay bonds. 126C.71 Payment and Applications of Payment State school loan payments are applied first to interest, then to principal, following a specific schedule. 126C.72 Issuance and Sale of Bonds The state can issue and sell bonds to fund the maximum effort school loan program. 127A.30 Legislative Permanent School Fund Commission A legislative commission oversaw the permanent school fund investments. This section has been repealed. 127A.31 Goal of the Permanent School Fund The permanent school fund should be managed to produce the most money possible for Minnesota schools over time. 127A.32 School Endowment Fund; Designation The school endowment fund holds the money earned from investing the permanent school fund principal. 127A.33 School Endowment Fund; Apportionment Money from the school endowment fund is divided among school districts based on how many students they have. 127A.34 County Auditor and Commissioner Duties County auditors and the education commissioner must share student enrollment data to properly distribute school funds. 127A.44 This section has been repealed or renumbered by the Minnesota Legislature. 127A.46 This section has been repealed or renumbered by the Minnesota Legislature. 127A.49 Aid Adjustments The state adjusts school aid payments when property values, student counts, or other factors change from estimates. 127A.50 Aid Adjustments Due to Changes in Employer Retirement Contribution Rates This section covered aid adjustments when employer retirement contribution rates changed. It has been repealed. 136C.21 This section has been repealed or renumbered by the Minnesota Legislature. 136C.211 This section has been repealed or renumbered by the Minnesota Legislature. 136C.212 This section has been repealed or renumbered by the Minnesota Legislature. 136C.213 This section has been repealed or renumbered by the Minnesota Legislature. 136C.22 This section has been repealed or renumbered by the Minnesota Legislature. 136C.221 This section has been repealed or renumbered by the Minnesota Legislature. 136C.222 This section has been repealed or renumbered by the Minnesota Legislature. 136C.223 This section has been repealed or renumbered by the Minnesota Legislature. 136C.25 This section has been repealed or renumbered by the Minnesota Legislature. 136C.26 This section covered vocational education cooperative center aid. Most provisions repealed. 136C.28 This section addressed post-secondary vocational education aid. Most provisions repealed. 136C.29 This section has been repealed or renumbered by the Minnesota Legislature. 136C.31 This section has been repealed or renumbered by the Minnesota Legislature. 136C.32 This section has been repealed or renumbered by the Minnesota Legislature. 136C.33 This section covered area vocational-technical college aid. Most provisions repealed. 136C.34 This section has been repealed or renumbered by the Minnesota Legislature. 136C.35 This section has been repealed or renumbered by the Minnesota Legislature. 136C.36 This section has been repealed or renumbered by the Minnesota Legislature. 136C.41 This section has been repealed or renumbered by the Minnesota Legislature.