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SF 1935

as introduced - 89th Legislature (2015 - 2016) Posted on 04/18/2016 10:50am

KEY: stricken = removed, old language.
underscored = added, new language.
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

A bill for an act
relating to education finance; clarifying the general education basic formula
allowance; amending Minnesota Statutes 2014, section 126C.10, subdivision 2.

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

Section 1.

Minnesota Statutes 2014, section 126C.10, subdivision 2, is amended to read:


Subd. 2.

Basic revenue.

deleted text begin For fiscal year 2014, the basic revenue for each district
equals the formula allowance times the adjusted marginal cost pupil units for the school
year. For fiscal year 2015 and later,
deleted text end The basic revenue for each district equals the formula
allowance times the adjusted pupil units for the school year. deleted text begin The formula allowance for
fiscal year 2013 is $5,224. The formula allowance for fiscal year 2014 is $5,302.
deleted text end The
formula allowance for fiscal year 2015 and later is $5,831.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for revenue for fiscal year 2016
and later.
new text end