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SF 467

as introduced - 82nd Legislature (2001 - 2002) 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

  1.1                          A bill for an act 
  1.2             relating to education; increasing the equalization 
  1.3             amount for operating referendums; amending Minnesota 
  1.4             Statutes 2000, section 126C.17, subdivision 5. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  Minnesota Statutes 2000, section 126C.17, 
  1.7   subdivision 5, is amended to read: 
  1.8      Subd. 5.  [REFERENDUM EQUALIZATION REVENUE.] (a) A 
  1.9   district's referendum equalization revenue equals the referendum 
  1.10  equalization allowance times the district's resident marginal 
  1.11  cost pupil units for that year.  
  1.12     (b) The referendum equalization allowance equals $350 for 
  1.13  fiscal year 2000 and, $415 for fiscal year 2001, and $750 for 
  1.14  fiscal year 2002 and later. 
  1.15     (c) Referendum equalization revenue must not exceed a 
  1.16  district's total referendum revenue for that year.