`1.1`.................... moves to amend H.F. No. 3699 as follows:

`1.2`Delete everything after the enacting clause and insert:

`1.3` "Section 1. Minnesota Statutes 2008, section 126C.10, subdivision 2, is amended to

`1.4`read:

`1.5` Subd. 2.

**Basic revenue.** The basic revenue for each district equals the formula

`1.6`allowance times the adjusted marginal cost pupil units for the school year.

~~The formula ~~
`1.7`~~allowance for fiscal year 2007 is $4,974.~~ The formula allowance for fiscal year 2008 is

`1.8`$5,074 and the formula allowance for fiscal year 2009 and subsequent years is $5,124."

`1.9`Delete the title and insert:

`1.11`relating to education finance; removing obsolete language;amending Minnesota

`1.12`Statutes 2008, section 126C.10, subdivision 2."