as introduced - 87th Legislature (2011 - 2012) Posted on 03/24/2011 09:34am
A bill for an act
relating to education finance; authorizing a onetime fund transfer for Independent
School District No. 883, Rockford.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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Notwithstanding Minnesota Statutes, sections 123B.79, 123B.80, and 475.61,
subdivision 4, on June 30, 2011, Independent School District No. 883, Rockford, may
permanently transfer up to $550,000 from its debt redemption fund to its reserved for
capital account for the purpose of reroofing Rockford Middle School and Rockford High
School, without making a levy reduction.
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