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SF 2318

as introduced - 89th Legislature (2015 - 2016) Posted on 03/09/2016 08:49am

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; increasing the general education basic revenue
allowance by one percent for fiscal year 2017; amending Minnesota Statutes
2015 Supplement, section 126C.10, subdivision 2.

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

Section 1.

Minnesota Statutes 2015 Supplement, 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 pupil units for the school year. deleted text beginThe formula allowance for
fiscal year 2015 is $5,831.
deleted text end The formula allowance for fiscal year 2016 is $5,948. The
formula allowance for fiscal year 2017 and later is deleted text begin$6,067deleted text endnew text begin $6,128new text end.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for revenue for fiscal year 2017
and later.
new text end