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HF 785

as introduced - 89th Legislature (2015 - 2016) Posted on 02/12/2015 02:22pm

KEY: stricken = removed, old language.
underscored = added, new language.
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Bill Text Versions

Engrossments
Introduction Posted on 02/12/2015

Current Version - as introduced

Line numbers 1.1 1.2 1.3 1.4
1.5 1.6 1.7 1.8 1.9 1.10 1.11 1.12

A bill for an act
 relating to education finance; modifying general education funding; amending
Minnesota Statutes 2014, section 126C.10, subdivision 2.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2014, section 126C.10, subdivision 2, is amended to read:


Subd. 2.

Basic revenue.

deleted text begin For fiscal year 2014, the basic revenue for each district
equals the formula allowance times the adjusted marginal cost pupil units for the school
year.deleted text end For fiscal year 2015 and later, the basic revenue for each district equals the formula
allowance times the adjusted pupil units for the school year. deleted text begin The formula allowance for
fiscal year 2013 is $5,224. The formula allowance for fiscal year 2014 is $5,302.deleted text end The
formula allowance for fiscal year 2015 deleted text begin and laterdeleted text end is $5,831.new text begin The formula allowance for
fiscal year 2016 is $5,948. The formula allowance for fiscal year 2017 and later is $6,067.
new text end