1.1.................... moves to amend the ....... amendment (.....) to H.F. No. 1914 as follows:
1.2Page ..., delete sections ... to ... and insert:
1.3 "Sec. .... Minnesota Statutes 2011 Supplement, section 16A.152, subdivision 2, is
1.4amended to read:
1.5 Subd. 2.
Additional revenues; priority. (a) If on the basis of a forecast of general
1.6fund revenues and expenditures, the commissioner of management and budget determines
1.7that there will be a positive unrestricted budgetary general fund balance at the close of
1.8the biennium, the commissioner of management and budget must allocate money to the
1.9following accounts and purposes in priority order:
1.10 (1) the cash flow account established in subdivision 1 until that account reaches
1.11$350,000,000;
1.12 (2) the budget reserve account established in subdivision 1a until that account
1.13reaches $653,000,000;
1.14 (3) the amount necessary to increase the aid payment schedule for school district
1.15aids and credits payments in section
127A.45 to not more than 90 percent rounded to the
1.16nearest tenth of a percent without exceeding the amount available and with any remaining
1.17funds deposited in the budget reserve;
1.18 (4) the amount necessary to restore all or a portion of the net aid reductions under
1.19section
127A.441 and to reduce the property tax revenue recognition shift under section
1.20123B.75, subdivision 5
, by the same amount;
1.21(5) to the state airports fund, the amount necessary to restore the amount transferred
1.22from the state airports fund under Laws 2008, chapter 363, article 11, section 3,
1.23subdivision 5;
and
1.24(6) to the fire safety account in the special revenue fund, the amount necessary to
1.25restore transfers from the account to the general fund made in Laws 2010
.; and
1.26(7) the amount necessary to make homestead market value credit reimbursement
1.27payments to taxing jurisdictions under section 273.1384.
2.1 (b) The amounts necessary to meet the requirements of this section are appropriated
2.2from the general fund within two weeks after the forecast is released or, in the case of
2.3transfers under paragraph (a), clauses (3) and (4), as necessary to meet the appropriations
2.4schedules otherwise established in statute.
2.5 (c) The commissioner of management and budget shall certify the total dollar
2.6amount of the reductions under paragraph (a), clauses (3) and (4), to the commissioner of
2.7education. The commissioner of education shall increase the aid payment percentage and
2.8reduce the property tax shift percentage by these amounts and apply those reductions to
2.9the current fiscal year and thereafter.
2.10EFFECTIVE DATE.This section is effective for the fiscal year 2014-2015
2.11biennium and thereafter."
2.12Page .., after line ..., insert:
2.13 "Sec. .... Minnesota Statutes 2010, section 273.1384, subdivision 5, is amended to read:
2.14 Subd. 5.
Appropriation. (a) An amount sufficient to make the payments required
2.15by
this section subdivision 2 to taxing jurisdictions other than school districts is annually
2.16appropriated from the general fund to the commissioner of revenue. An amount sufficient
2.17to make the payments required by
this section subdivision 2 for school districts is annually
2.18appropriated from the general fund to the commissioner of education.
2.19(b) An amount sufficient to make the payments required by subdivision ... is
2.20appropriated from the general fund to the commissioner of revenue to the extent that funds
2.21are available under section 16A.152, subdivision 2. If funds are insufficient to pay all of
2.22the required amounts, each taxing jurisdiction's payment must be prorated to match the
2.23available funding.
2.24EFFECTIVE DATE.This section is effective for the fiscal year 2014-2015
2.25biennium and thereafter."
2.26Renumber the sections in sequence and correct the internal references
2.27Amend the title accordingly