Minnesota Legislature
HF 3699
1st Engrossment - 86th Legislature (2009 - 2010) Posted on 05/07/2010 01:22pm
KEY: stricken = removed, old language.
underscored = added, new language.
Current Version - 1st Engrossment
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A bill for an act
relating to education finance; removing obsolete language; amending Minnesota
Statutes 2008, section 126C.10, subdivision 2.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2008, section 126C.10, subdivision 2, is amended to read:
Subd. 2.
Basic revenue.
The basic revenue for each district equals the formula
allowance times the adjusted marginal cost pupil units for the school year. deleted text begin The formula
allowance for fiscal year 2007 is $4,974.deleted text end The formula allowance for fiscal year 2008 is
$5,074 and the formula allowance for fiscal year 2009 and subsequent years is $5,124.