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Committee lays over technical fix changing references to LTFM in school aid law (Senate File 1202)
Summary
Senate File 1202 would make technical corrections to school district aid and levy calculations related to long-term facility maintenance (LTFM) when tax increment financing amounts are returned or decertified; the committee laid the bill over for possible inclusion in an omnibus bill.
Senate File 1202, described by its sponsor as a "mostly a technical bill," was presented to the Minnesota Senate Education Finance Committee and laid over for possible inclusion in a future omnibus bill.
Senator Kunish told the committee the bill modifies the calculation of a school district's aid and levy limitations when excess tax increment is returned or a tax increment financing (TIF) district is decertified. The amendment "makes a technical change to correctly reference the name and statutory reference of long term facility maintenance or LTFM," the sponsor said.
Committee members asked no substantive questions; the sponsor characterized the change as correcting references and aligning the statute with the LTFM program that replaced the earlier health and safety program in 2015. The committee laid Senate File 1202 over for possible inclusion in an omnibus bill; no vote on final language or inclusion was taken at the hearing.
