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MN HF2301

Bill

Official Source

Status

Introduced

2/15/2012

Primary Sponsor

Mindy Greiling

Click for details

Origin

House of Representatives

87th Legislature 2011-2012

AI Summary

  • Allows school districts to annually levy for costs associated with higher employer contribution rates to teacher retirement funds

  • Limits each district's levy to the product of: previous year's coordinated member salaries multiplied by the difference between current year and June 30, 2011 contribution rates

  • Amends Minnesota Statutes 2010, section 126C.41 by adding Subdivision 7

  • Effective for taxes payable in 2013 and later

Legislative Description

School districts authorized to levy for changes to employer contribution for teacher retirement.

Last Action

Author added Smith

2/20/2012

Committee Referrals

Education Finance2/15/2012

Full Bill Text

No bill text available