1.1 	A bill for an act
1.2 	relating to education finance; removing an obsolete reference;amending 
1.3 	Minnesota Statutes 2008, section 126C.10, subdivision 1.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. Minnesota Statutes 2008, section 126C.10, subdivision 1, is amended to read:
1.6 		Subdivision 1.General education revenue. For fiscal year 2006 and later,
1.7 	The general education revenue for each district equals the sum of the district's basic 
1.8 	revenue, extended time revenue, gifted and talented revenue, basic skills revenue, training 
1.9 	and experience revenue, secondary sparsity revenue, elementary sparsity revenue, 
1.10 	transportation sparsity revenue, total operating capital revenue, equity revenue, alternative 
1.11 	teacher compensation revenue, and transition revenue.

1.12 	EFFECTIVE DATE. This section is effective July 1, 2009.