summary
Introduced
02/01/2017
02/01/2017
In Committee
02/01/2017
02/01/2017
Crossed Over
Passed
Dead
05/20/2018
05/20/2018
Introduced Session
90th Legislature 2017-2018
Bill Summary
Base year formula aid provided to a newly incorporated city.
AI Summary
This bill provides a formula for calculating base year formula aid for a newly incorporated city in Minnesota. Specifically, it states that for a city that incorporated on October 13, 2015 and first qualified for aid in 2017, the city's formula aid for 2016 (used to calculate 2017 aid) shall be deemed to equal $115 multiplied by its population. This change is effective for aids payable in 2017, and the 2017 aid payment for the qualifying city will be recalculated and treated as an aid correction.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred by Chair to Property Tax and Local Government Finance Division (on 02/02/2017)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF0725&ssn=0&y=2017 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=HF725&version=0&session=ls90&session_year=2017&session_number=0&format=pdf |
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