1.1 	A bill for an act
1.2 	relating to education finance; removing obsolete language;amending Minnesota 
1.3 	Statutes 2010, section 126C.10, subdivision 2.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. Minnesota Statutes 2010, section 126C.10, subdivision 2, is amended to read:
1.6 		Subd. 2.Basic revenue. The basic revenue for each district equals the formula 
1.7 	allowance times the adjusted marginal cost pupil units for the school year. ~~The formula~~ 
1.8 	~~allowance for fiscal year 2007 is $4,974.~~ The formula allowance for fiscal year 2008 is 
1.9 	$5,074 and the formula allowance for fiscal year 2009 and subsequent years is $5,124.