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HF 3497

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 03/14/2006

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

A bill for an act
 relating to education finance; increasing the basic formula allowance, dedicating
the increase to school district energy expenditures; amending Minnesota Statutes
2005 Supplement, section 126C.10, subdivision 2.

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

Section 1.

Minnesota Statutes 2005 Supplement, section 126C.10, subdivision 2, is
amended to read:


Subd. 2.

Basic revenue.

new text begin (a) new text end The basic revenue for each district equals the formula
allowance times the adjusted marginal cost pupil units for the school year. The formula
allowance for fiscal year 2005 is $4,601. The formula allowance for fiscal year 2006 is
$4,783. The formula allowance for fiscal year 2007 and subsequent years is deleted text begin $4,974deleted text end new text begin $5,024new text end .

new text begin (b) For fiscal years 2007 through 2009, a school district must use the revenue equal
to $50 times its adjusted marginal cost pupil units for energy costs, including, but not
limited to, gasoline, heating, and energy efficiency expenditures.
 new text end