1.1.................... moves to amend H.F. No. 579 as follows:
1.2Page 1, after line 6, insert:

1.3    "Section 1. Minnesota Statutes 2012, section 123B.53, subdivision 4, is amended to
1.4read:
1.5    Subd. 4. Debt service equalization revenue. (a) The debt service equalization
1.6revenue of a district equals the sum of the first tier debt service equalization revenue and
1.7the second tier debt service equalization revenue.
1.8(b) The first tier debt service equalization revenue of a district equals the greater
1.9of zero or the eligible debt service revenue minus the amount raised by a levy of 15.74
1.10 ten percent times the adjusted net tax capacity of the district minus the second tier debt
1.11service equalization revenue of the district.
1.12(c) The second tier debt service equalization revenue of a district equals the greater
1.13of zero or the eligible debt service revenue, excluding alternative facilities levies under
1.14section 123B.59, subdivision 5, minus the amount raised by a levy of 26.24 percent times
1.15the adjusted net tax capacity of the district."
1.16Page 1, line 14, delete "150" and insert "125"
1.17Renumber the sections in sequence and correct the internal references
1.18Amend the title accordingly