as introduced - 82nd Legislature (2001 - 2002) Posted on 12/15/2009 12:00am
1.1 A bill for an act 1.2 relating to education finance; authorizing school 1.3 districts to include home school pupils in their pupil 1.4 counts for certain funding purposes; amending 1.5 Minnesota Statutes 2000, section 126C.10, subdivision 1.6 2. 1.7 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.8 Section 1. Minnesota Statutes 2000, section 126C.10, 1.9 subdivision 2, is amended to read: 1.10 Subd. 2. [BASIC REVENUE.] (a) The basic revenue for each 1.11 district equals the sum of: 1.12 (1) the formula allowance times the adjusted marginal cost 1.13 pupil units for the school year; and 1.14 (2) $500 times the number of pupils who have reported to 1.15 the superintendent under section 120A.24, subdivision 1.The1.16formula allowance for fiscal year 1998 is $3,581. The formula1.17allowance for fiscal year 1999 is $3,530. The formula allowance1.18for fiscal year 2000 is $3,740.1.19 (b) The formula allowance for fiscal year 2001 and 1.20 subsequent fiscal years is $3,964. 1.21 [EFFECTIVE DATE.] This section is effective for revenue for 1.22 fiscal year 2002 and later.