1.1                          A bill for an act 
  1.2             relating to education finance; modifying the 
  1.3             definition of pupil unit to reflect days actually 
  1.4             spent in school; increasing the general education 
  1.5             formula allowance; amending Minnesota Statutes 1998, 
  1.6             section 126C.05, by adding a subdivision; Minnesota 
  1.7             Statutes 1999 Supplement, section 126C.10, subdivision 
  1.8             2; repealing Laws 1999, chapter 241, article 1, 
  1.9             section 64. 
  1.10  BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.11     Section 1.  Minnesota Statutes 1998, section 126C.05, is 
  1.12  amended by adding a subdivision to read: 
  1.13     Subd. 8a.  [AVERAGE DAILY ATTENDANCE.] "Average daily 
  1.14  attendance" means the sum for all pupils of the number of days 
  1.15  of the school year that each pupil actually attends school. 
  1.16     Sec. 2.  Minnesota Statutes 1999 Supplement, section 
  1.17  126C.10, subdivision 2, is amended to read: 
  1.18     Subd. 2.  [BASIC REVENUE.] The basic revenue for each 
  1.19  district equals the formula allowance times the ~~resident~~ 
  1.20  adjusted marginal cost pupil units for the school year times the 
  1.21  ratio of the district's average daily attendance to its average 
  1.22  daily membership.  ~~The formula allowance for fiscal year 1998 is~~ 
  1.23  ~~$3,581.  The formula allowance for fiscal year 1999 is $3,530.~~  
  1.24  The formula allowance for fiscal year 2000 is $3,740.  The 
  1.25  formula allowance for fiscal year 2001 and subsequent fiscal 
  1.26  years is ~~$3,875~~ $4,207. 
  1.27     Sec. 3.  [REPEALER.] 
  2.1      Laws 1999, chapter 241, article 1, section 64, is repealed. 
  2.2      Sec. 4.  [EFFECTIVE DATE.] 
  2.3      Sections 1 and 2 are effective for revenue for fiscal years 
  2.4   2001 and later.  Section 3 is effective the day following final 
  2.5   enactment.