1.1 	A bill for an act
1.2 	relating to education finance; modifying the definition of general education 
1.3 	revenue;amending Minnesota Statutes 2012, section 126C.10, subdivision 1.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. Minnesota Statutes 2012, section 126C.10, subdivision 1, is amended to read:
1.6 		Subdivision 1.General education revenue.  The general education revenue for 
1.7 	each district equals the sum of the district's basic revenue, extended time revenue, gifted 
1.8 	and talented revenue, small schools revenue, basic skills revenue, training and experience 
1.9 	revenue, secondary sparsity revenue, elementary sparsity revenue, transportation sparsity 
1.10 	revenue, total operating capital revenue, equity revenue, alternative teacher compensation 
1.11 	revenue, and transition revenue.

1.12 	EFFECTIVE DATE. This section is effective July 1, 2013.