1.1                          A bill for an act 
  1.2             relating to education finance; establishing permanent 
  1.3             funding for gifted and talented programs as a 
  1.4             component of general education revenue; amending 
  1.5             Minnesota Statutes 2000, section 126C.10, subdivision 
  1.6             1, and by adding a subdivision. 
  1.7   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.8      Section 1.  Minnesota Statutes 2000, section 126C.10, 
  1.9   subdivision 1, is amended to read: 
  1.10     Subdivision 1.  [GENERAL EDUCATION REVENUE.] For fiscal 
  1.11  year ~~2000~~ 2002 and thereafter, the general education revenue for 
  1.12  each district equals the sum of the district's basic revenue, 
  1.13  basic skills revenue, gifted and talented revenue, training and 
  1.14  experience revenue, secondary sparsity revenue, elementary 
  1.15  sparsity revenue, transportation sparsity revenue, total 
  1.16  operating capital revenue, equity revenue, referendum offset 
  1.17  adjustment, transition revenue, and supplemental revenue. 
  1.18     <b>[EFFECTIVE DATE.]</b> This section is effective for revenue for 
  1.19  fiscal years 2002 and later. 
  1.20     Sec. 2.  Minnesota Statutes 2000, section 126C.10, is 
  1.21  amended by adding a subdivision to read: 
  1.22     Subd. 2a.  [GIFTED AND TALENTED REVENUE.] Gifted and 
  1.23  talented revenue for each district equals $10 times the 
  1.24  district's adjusted marginal cost pupil units.  A school 
  1.25  district must reserve gifted and talented revenue and must spend 
  1.26  the revenue only to: 
  2.1      (1) identify gifted and talented students; 
  2.2      (2) provide educational programming for gifted and talented 
  2.3   students; or 
  2.4      (3) provide staff development to aid in the teaching of 
  2.5   gifted and talented students. 
  2.6      <b>[EFFECTIVE DATE.]</b> This section is effective for revenue for 
  2.7   fiscal years 2002 and later.