1.1 	A bill for an act
1.2 	relating to education finance; increasing the state aid portion of equity revenue; 
1.3 	amending Minnesota Statutes 2004, section 126C.10, subdivision 29.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. Minnesota Statutes 2004, section 126C.10, subdivision 29, is amended to 
1.6 	read:
1.7 		Subd. 29.Equity levy. To obtain equity revenue for fiscal year 2005 and later, 
1.8 	a district may levy an amount not more than the product of its equity revenue under 
1.9 	subdivision 24, excluding the revenue computed under paragraph (f) of that subdivision 
1.10 	for the fiscal year times the lesser of one or the ratio of its referendum market value per 
1.11 	resident marginal cost pupil unit to $476,000.

1.12 	EFFECTIVE DATE. This section is effective for revenue for fiscal year 2007.