as introduced - 79th Legislature (1995 - 1996) Posted on 12/15/2009 12:00am
1.1 A bill for an act 1.2 relating to education; increasing the general 1.3 education formula allowance; appropriating money; 1.4 amending Minnesota Statutes 1994, section 124A.22, 1.5 subdivision 2. 1.6 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.7 Section 1. Minnesota Statutes 1994, section 124A.22, 1.8 subdivision 2, is amended to read: 1.9 Subd. 2. [BASIC REVENUE.] The basic revenue for each 1.10 district equals the formula allowance times the actual pupil 1.11 units for the school year.The formula allowance for fiscal1.12years 1993 and 1994 is $3,050.The formula allowance for fiscal 1.13 year 1995and subsequent fiscal yearsis $3,150. The formula 1.14 allowance for fiscal year 1996 and subsequent fiscal years is 1.15 $3,530.