as introduced - 80th Legislature (1997 - 1998) Posted on 12/15/2009 12:00am
1.1 A bill for an act 1.2 relating to education; modifying the formula allowance 1.3 for general education basic revenue; amending 1.4 Minnesota Statutes 1996, section 124A.22, subdivision 1.5 2, as amended. 1.6 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.7 Section 1. Minnesota Statutes 1996, section 124A.22, 1.8 subdivision 2, as amended by Laws 1997, chapter 1, section 4, is 1.9 amended to read: 1.10 Subd. 2. [BASIC REVENUE.] The basic revenue for each 1.11 district equals the formula allowance times the actual pupil 1.12 units for the school year. The formula allowance for fiscal 1.13 year 1995 is $3,150. The formula allowance for fiscal year 1996 1.14 is $3,205. The formula allowance for fiscal year 1997and1.15subsequent fiscal yearsis $3,505, $3,610 for fiscal year 1998, 1.16 and $3,718 for fiscal year 1999 and subsequent fiscal years.