as introduced - 81st Legislature (1999 - 2000) Posted on 12/15/2009 12:00am
1.1 A bill for an act 1.2 relating to education; providing an inflationary 1.3 increase in the general education basic formula 1.4 allowance; appropriating money; amending Minnesota 1.5 Statutes 1998, section 126C.10, subdivision 2. 1.6 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.7 Section 1. Minnesota Statutes 1998, section 126C.10, 1.8 subdivision 2, is amended to read: 1.9 Subd. 2. [BASIC REVENUE.] The basic revenue for each 1.10 district equals the formula allowance times the resident pupil 1.11 units for the school year.The formula allowance for fiscal1.12year 1997 is $3,505.The formula allowance for fiscal year19981.13is $3,581 and the formula allowance for fiscal year1999and1.14fiscal year 2000is $3,530. The formula allowance for fiscal 1.15 year 2000 is $3,636 and the formula allowance for 2001and1.16subsequent fiscal yearsis$3,597$3,812. The formula allowance 1.17 for fiscal year 2002 and subsequent fiscal years is three 1.18 percent above the formula allowance for the previous fiscal year.