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 1999 Supplement, section 
  1.5             126C.10, subdivision 2; repealing Laws 1999, chapter 
  1.6             241, article 1, section 64. 
  1.7   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.8      Section 1.  Minnesota Statutes 1999 Supplement, section 
  1.9   126C.10, subdivision 2, is amended to read: 
  1.10     Subd. 2.  [BASIC REVENUE.] The basic revenue for each 
  1.11  district equals the formula allowance times the ~~resident~~ 
  1.12  adjusted marginal cost pupil units for the school year.  ~~The~~ 
  1.13  ~~formula allowance for fiscal year 1998 is $3,581.  The formula~~ 
  1.14  ~~allowance for fiscal year 1999 is $3,530.~~  The formula allowance 
  1.15  for fiscal year 2000 is $3,740.  The formula allowance for 
  1.16  fiscal year 2001 and subsequent fiscal years is ~~$3,875~~ $4,925. 
  1.17     Sec. 2.  [APPROPRIATION.] 
  1.18     $87,000,000 is appropriated in fiscal year 2001 from the 
  1.19  general fund to the commissioner of children, families, and 
  1.20  learning for payment of general education aid under section 1 to 
  1.21  allow school districts to lower class sizes and offer full-day 
  1.22  kindergarten.  This appropriation is in addition to any other 
  1.23  appropriation for this purpose.  
  1.24     Sec. 3.  [REPEALER.] 
  1.25     Laws 1999, chapter 241, article 1, section 64, is repealed. 
  1.26     Sec. 4.  [EFFECTIVE DATE.] 
  2.1      Section 3 is effective the day following final enactment.