as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am
A bill for an act
relating to education finance; increasing the general education basic formula
allowance; appropriating money; amending Minnesota Statutes 2005
Supplement, section 126C.10, subdivision 2.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2005 Supplement, section 126C.10, subdivision 2, is
amended to read:
The basic revenue for each district equals the formula
allowance times the adjusted marginal cost pupil units for the school year. The formula
allowance for fiscal year 2005 is $4,601. The formula allowance for fiscal year 2006 is
$4,783. The formula allowance for fiscal year 2007 and subsequent years is deleted text begin $4,974deleted text end new text begin $5,073new text end .
new text begin
This section is effective for revenue for fiscal year 2007.
new text end