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SF 12

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

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; increasing the general
education basic formula allowance; amending Minnesota
Statutes 2004, section 126C.10, subdivision 2.

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

Section 1.

Minnesota Statutes 2004, 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
marginal cost pupil units for the school year. deleted text begin The formula
allowance for fiscal year 2001 is $3,964. The formula allowance
for fiscal year 2002 is $4,068.deleted text end The formula allowance for
fiscal deleted text begin year deleted text end new text begin years new text end 2003 deleted text begin and subsequent years deleted text end new text begin through 2005 new text end is
$4,601. new text begin The formula allowance for fiscal year 2006 and
subsequent fiscal years is $5,001.
new text end