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HF 3462

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

KEY: stricken = removed, old language.
underscored = added, new language.
Version List Authors and Status
Rtf

Bill Text Versions

Engrossments
Introduction Posted on 03/13/2006

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 1.14
1.15

A bill for an act
 relating to education finance; linking extended time revenue to the general
education basic formula allowance; amending Minnesota Statutes 2004, section
126C.10, subdivision 2a.

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

Section 1.

Minnesota Statutes 2004, section 126C.10, subdivision 2a, is amended to
read:


Subd. 2a.

Extended time revenue.

(a) A school district's extended time revenue is
equal to the product of deleted text begin $4,601deleted text end new text begin the basic formula allowance under subdivision 2new text end and the
sum of the adjusted marginal cost pupil units of the district for each pupil in average daily
membership in excess of 1.0 and less than 1.2 according to section 126C.05, subdivision 8.

(b) A school district's extended time revenue may be used for extended day
programs, extended week programs, summer school, and other programming authorized
under the learning year program.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for revenue for fiscal year 2007.
new text end