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SF 2914

as introduced - 86th Legislature (2009 - 2010) Posted on 02/26/2010 11:38am

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

Current Version - as introduced

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A bill for an act
 relating to education finance; modifying the formula allowance used to compute
revenue for extended time programs; amending Minnesota Statutes 2008, section
126C.10, subdivision 2a.

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

Section 1.

Minnesota Statutes 2008, section 126C.10, subdivision 2a, is amended to
read:


Subd. 2a.

Extended time revenue.

(a) A school district's extended time revenue
is equal to the product of deleted text begin $4,601deleted text end new text begin (1) the formula allowance for that year minus $523,new text end
andnew text begin (2)new text end the sum of the adjusted marginal cost pupil units of the district for each pupil in
average daily membership in excess of 1.0 and less than 1.2 according to section 126C.05,
subdivision 8.

(b) A school district's extended time revenue may be used for extended day
programs, extended week programs, summer school, and other programming authorized
under the learning year program.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for revenue for fiscal years 2011
and later.
 new text end