as introduced - 82nd Legislature (2001 - 2002) Posted on 12/15/2009 12:00am
1.1 A bill for an act 1.2 relating to education finance; authorizing a fund 1.3 transfer for independent school district No. 701, 1.4 Hibbing. 1.5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.6 Section 1. [FUND TRANSFER; HIBBING.] 1.7 Notwithstanding Minnesota Statutes, sections 123B.79, 1.8 123B.80, and 475.61, subdivision 4, on June 30, 2001, 1.9 independent school district No. 701, Hibbing, may permanently 1.10 transfer up to $400,000 from its debt redemption fund to its 1.11 capital account in its general fund without making a levy 1.12 reduction. 1.13 [EFFECTIVE DATE.] This section is effective the day 1.14 following final enactment.