1.1                          A bill for an act 
  1.2             relating to education; increasing the general 
  1.3             education basic formula allowance; appropriating 
  1.4             money; amending Minnesota Statutes 1998, section 
  1.5             126C.10, subdivision 2. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  Minnesota Statutes 1998, section 126C.10, 
  1.8   subdivision 2, is amended to read: 
  1.9      Subd. 2.  [BASIC REVENUE.] The basic revenue for each 
  1.10  district equals the formula allowance times the resident pupil 
  1.11  units for the school year.  ~~The formula allowance for fiscal~~ 
  1.12  ~~year 1997 is $3,505.~~  The formula allowance for fiscal year ~~1998~~ 
  1.13  ~~is $3,581 and the formula allowance for fiscal year~~ 1999 ~~and~~ 
  1.14  ~~fiscal year 2000~~ is $3,530.  The formula allowance for fiscal 
  1.15  year 2000 is $3,930 and the formula allowance for 2001 and 
  1.16  subsequent fiscal years is ~~$3,597~~ $3,997. 
  1.17     Sec. 2.  [EFFECTIVE DATE.] 
  1.18     Section 1 is effective for revenue for fiscal year 2000 and 
  1.19  later.