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SF 1362

as introduced - 88th Legislature (2013 - 2014) Posted on 03/14/2013 09:25am

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

A bill for an act
 relating to education finance; increasing the formula allowance; amending
Minnesota Statutes 2012, section 126C.10, subdivision 2.

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

Section 1.

Minnesota Statutes 2012, 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 2011 is $5,124. The formula allowance for fiscal year 2012 is
$5,174.deleted text end The formula allowance for fiscal year 2013 deleted text begin and subsequent yearsdeleted text end is $5,224.
new text begin The formula allowance for fiscal year 2014 is $5,380. The formula allowance for fiscal
year 2015 and subsequent years is $5,542.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for fiscal year 2014 and later.
 new text end