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 referendum 1.3 equalization revenue; amending Minnesota Statutes 1.4 1996, section 124A.03, subdivision 1f. 1.5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.6 Section 1. Minnesota Statutes 1996, section 124A.03, 1.7 subdivision 1f, is amended to read: 1.8 Subd. 1f. [REFERENDUM EQUALIZATION REVENUE.] A district's 1.9 referendum equalization revenue equals$315one-half of the 1.10 formula allowance according to section 124A.22, subdivision 2, 1.11 times the district's actual pupil units for that year. 1.12 Referendum equalization revenue must not exceed a 1.13 district's total referendum revenue for that year.