§ 15.1-12-29 — Dissolution of school district - Unobligated cash balance - Tax credits or refunds - Distribution to another political subdivision

North Dakota § 15.1-12-29

• Jurisdiction: North Dakota
• Title 15.1: Elementary and Secondary Education
• Ch. 15.1-12: Annexation, Reorganization, and Dissolution

Text

refunds - Distribution to another political subdivision.
1. After ten thousand dollars is set aside, as required by section 15.1-12-28, and after the
required amount is deposited in the reimbursement account for job service North
Dakota, as required by section 15.1-12-28.1:
a. Any remaining unobligated cash balance, up to an amount equaling a dissolved
school district's general fund expenditure for the last school year before the
district's dissolution is a credit for real property owners within the boundaries of
the dissolved school district, against taxes levied by the district to which their
property is now attached. If property from the dissolved district is attached to
more than one school district, the percentage of the total credit to which each
eligible real property owner is entitled must equal the percentage that the taxable
valuation of the individual's real property bears to the total taxable valuation of the
dissolved district's property at the time of the attachment order; or
b. The county committee may distribute the remaining unobligated cash balance not
exceeding five hundred thousand dollars to another political subdivision located
partially or wholly within the geographic boundaries of the dissolving school
district. After distributing the funds, the county committee shall distribute any
remaining unobligated cash balance in accordance with subdivision a.
2. Upon approval of the board of county commissioners, any school district providing a
tax credit under subdivision a of subsection 1 may provide a cash refund in lieu of the
tax credit. At the request of the county auditor, the school district holding the
unobligated cash balance available under subdivision a of subsection 1 shall pay to
the county treasurer the amount to be paid to those who own real property within the
dissolved district. The treasurer shall issue the refund to the owner of the property as
shown on the county's assessment list at the time of payment. If there is a lien for
unpaid taxes against the property, the treasurer shall first apply the property owner's
tax credit toward any outstanding balance. Any amount remaining may then be paid to
the property owner. The cash refunds must be calculated proportionately to the total
taxable value of the dissolved district during the last year taxes were levied.
3. After the requirements of subdivision a of subsection 1 have been met, the county
auditor shall distribute any remaining unobligated cash balance among the school

districts to which the real property of the dissolved district was attached. The
percentage of the remaining unobligated cash balance to which each school district is
entitled equals that percentage of the dissolved district's total taxable valuation which
was attached to the receiving school district.