1.1                          A bill for an act 
  1.2             relating to education finance; continuing the 
  1.3             referendum offset adjustment until a district's 
  1.4             referendum is renewed; amending Minnesota Statutes 
  1.5             2000, section 126C.10, subdivision 23.  
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  Minnesota Statutes 2000, section 126C.10, 
  1.8   subdivision 23, is amended to read: 
  1.9      Subd. 23.  [REFERENDUM OFFSET ADJUSTMENT.] A district that 
  1.10  qualifies for the referendum ~~allowance reduction under section~~ 
  1.11  ~~126C.17, subdivision 12, and whose referendum allowance under~~ 
  1.12  ~~section 126C.17, subdivision 1, as adjusted under section~~ 
  1.13  ~~126C.17, subdivisions 2 and 12, does not exceed the referendum~~ 
  1.14  ~~allowance limit under section 126C.17, subdivision 2, clause~~ 
  1.15  ~~(2), shall receive a referendum~~ offset adjustment~~.  In~~ during 
  1.16  fiscal year ~~2000 and thereafter, the~~ 2001 is eligible for a 
  1.17  referendum offset adjustment ~~is~~ equal to $25 per adjusted 
  1.18  marginal cost pupil unit from fiscal year 2002 until the fiscal 
  1.19  year during which any part of the district's referendum revenue 
  1.20  authority expires. 
  1.21     <b>[EFFECTIVE DATE.]</b> This section is effective the day 
  1.22  following final enactment.