1.1                          A bill for an act 
  1.2             relating to education; modifying the formula allowance 
  1.3             for general education basic revenue; amending 
  1.4             Minnesota Statutes 1996, section 124A.22, subdivision 
  1.5             2, as amended. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  Minnesota Statutes 1996, section 124A.22, 
  1.8   subdivision 2, as amended by Laws 1997, chapter 1, section 4, is 
  1.9   amended to read: 
  1.10     Subd. 2.  [BASIC REVENUE.] The basic revenue for each 
  1.11  district equals the formula allowance times the actual pupil 
  1.12  units for the school year.  The formula allowance for fiscal 
  1.13  year 1995 is $3,150.  The formula allowance for fiscal year 1996 
  1.14  is $3,205.  The formula allowance for fiscal year 1997 ~~and~~ 
  1.15  ~~subsequent fiscal years~~ is $3,505, $3,610 for fiscal year 1998, 
  1.16  and $3,718 for fiscal year 1999 and subsequent fiscal years.