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SF 4222

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/30/2022 01:10pm

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

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 1.13 1.14

A bill for an act
 relating to education finance; increasing the general education basic formula
allowance by five percent; appropriating money; amending Minnesota Statutes
2021 Supplement, section 126C.10, subdivision 2.

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

Section 1.

Minnesota Statutes 2021 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. The formula allowance for fiscal year
2021 is $6,567. The formula allowance for fiscal year 2022 is $6,728. The formula allowance
for fiscal year 2023 and later is deleted text begin $6,863deleted text end new text begin $7,206new text end .

Sec. 2. new text begin APPROPRIATION; GENERAL EDUCATION AID.
new text end

new text begin $....... in fiscal year 2023 is appropriated from the general fund to the Department of
Education for additional general education aid required under section 1.
 new text end