HF 554

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 fiscal 
  1.12  year 1997 is $3,505.  The formula allowance for fiscal year 1998 
  1.13  is $3,581 and the formula allowance for fiscal year 1999 and 
  1.14  fiscal year 2000 is $3,530.  The formula allowance for fiscal 
  1.15  year 2000 is $3,636 and the formula allowance for 2001 and 
  1.16  subsequent fiscal years is $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.