as introduced - 82nd Legislature (2001 - 2002) Posted on 12/15/2009 12:00am
Engrossments | ||
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Introduction | Posted on 02/08/2001 |
1.1 A bill for an act 1.2 relating to education finance; increasing the general 1.3 education basic formula allowance; amending Minnesota 1.4 Statutes 2000, section 126C.10, subdivision 2. 1.5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.6 Section 1. Minnesota Statutes 2000, section 126C.10, 1.7 subdivision 2, is amended to read: 1.8 Subd. 2. [BASIC REVENUE.] The basic revenue for each 1.9 district equals the formula allowance times the adjusted 1.10 marginal cost pupil units for the school year.The formula1.11allowance for fiscal year 1998 is $3,581. The formula allowance1.12for fiscal year 1999 is $3,530. The formula allowance for1.13fiscal year 2000 is $3,740.The formula allowance for fiscal 1.14 year 2001and subsequent fiscal yearsis $3,964. The formula 1.15 allowance for fiscal year 2002 and subsequent fiscal years is 1.16 $4,264.