1.1                          A bill for an act 
  1.2             relating to education funding; increasing the maximum 
  1.3             referendum allowance; amending Minnesota Statutes 
  1.4             1998, section 126C.17, subdivision 2. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  Minnesota Statutes 1998, section 126C.17, 
  1.7   subdivision 2, is amended to read: 
  1.8      Subd. 2.  [REFERENDUM ALLOWANCE LIMIT.] Notwithstanding 
  1.9   subdivision 1, a district's referendum allowance must not exceed 
  1.10  the greater of:  
  1.11     (1) the district's referendum allowance for fiscal year 
  1.12  1994; 
  1.13     (2) 25 percent of the formula allowance minus $300 for 
  1.14  fiscal year 1997 2001 and later; 
  1.15     (3) the highest referendum allowance for any Minnesota 
  1.16  school district in fiscal year 1999; or 
  1.17     (3) (4) for a newly reorganized district created after July 
  1.18  1, 1994, the sum of the referendum revenue authority for the 
  1.19  reorganizing districts for the fiscal year preceding the 
  1.20  reorganization, divided by the sum of the resident pupil units 
  1.21  of the reorganizing districts for the fiscal year preceding the 
  1.22  reorganization. 
  1.23     Sec. 2.  [EFFECTIVE DATE.] 
  1.24     Section 1 is effective July 1, 1999, for revenue for fiscal 
  1.25  year 2001 and later.