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Minnesota Legislature

Office of the Revisor of Statutes

HF 2572

as introduced - 90th Legislature (2017 - 2018) Posted on 04/03/2017 09:00am

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

Bill Text Versions

Engrossments
Introduction Posted on 04/03/2017

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

A bill for an act
relating to education finance; increasing the basic formula allowance by 2.5 percent
per year; appropriating money; amending Minnesota Statutes 2016, section
126C.10, subdivision 2.

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

Section 1.

Minnesota Statutes 2016, 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 pupil units for the school year. deleted text beginThe formula allowance for fiscal year
2015 is $5,831. The formula allowance for fiscal year 2016 is $5,948.
deleted text end The formula allowance
for fiscal year 2017 deleted text beginand laterdeleted text end is $6,067.new text begin The formula allowance for fiscal year 2018 is $6,219.
The formula allowance for fiscal year 2019 and later is $6,374.
new text end