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HF 3188

as introduced - 88th Legislature (2013 - 2014) Posted on 03/19/2014 12:13pm

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

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 1.13

A bill for an act
relating to education finance; increasing the general education basic formula;
appropriating money; amending Minnesota Statutes 2013 Supplement, section
126C.10, subdivision 2.

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

Section 1.

Minnesota Statutes 2013 Supplement, section 126C.10, subdivision 2, is
amended to read:


Subd. 2.

Basic revenue.

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. 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.
deleted text end The formula allowance for fiscal year 2014 is $5,302. The
formula allowance for fiscal year 2015 and later is deleted text begin $5,806deleted text end new text begin $5,922new text end .