1.1 	A bill for an act
1.2 	relating to education finance; removing an obsolete reference;amending 
1.3 	Minnesota Statutes 2010, section 126C.10, subdivision 2b.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. Minnesota Statutes 2010, section 126C.10, subdivision 2b, is amended to 
1.6 	read:
1.7 		Subd. 2b.Gifted and talented revenue. Gifted and talented revenue for each 
1.8 	district equals the district's adjusted marginal cost pupil units for that school year times 
1.9 	$12 ~~for fiscal year 2008 and later~~. A school district must reserve gifted and talented 
1.10 	revenue and, consistent with section 120B.15, must spend the revenue only to:
1.11 	(1) identify gifted and talented students;
1.12 	(2) provide education programs for gifted and talented students; or
1.13 	(3) provide staff development to prepare teachers to best meet the unique needs 
1.14 	of gifted and talented students.