1.1 	A bill for an act
1.2 	relating to education finance; eliminating an obsolete general education transition 
1.3 	aid date;amending Minnesota Statutes 2022, section 126C.10, subdivision 33.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. Minnesota Statutes 2022, section 126C.10, subdivision 33, is amended to read:
1.6 		Subd. 33.Transition aid. (a) For fiscal year 2004, a district's transition aid equals its 
1.7 	transition revenue.
1.8 	(b) For fiscal year 2005 and later, A district's transition aid equals its transition revenue 
1.9 	minus its transition levy times the ratio of the actual amount levied to the permitted levy.