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What are the details of the statutory authority for waiving the requirement to reserve the revenue?

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What are the details of the statutory authority for waiving the requirement to reserve the revenue?

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There are many questions on this point because the statutory language on this issue is minimal: “A district may annually waive the requirement to reserve their basic revenue under this section if a majority vote of the licensed teachers in the district and a majority vote of the school board agree to a resolution to waive the requirement” (Minnesota Statute 122A.61). The absence of specific statutory guidance means there are no “right” answers to most of the questions on this topic.

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