as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 11:32pm
A bill for an act
relating to education finance; creating a onetime exception; allowing proceeds
from sale of school district property to be used as operating capital.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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Notwithstanding Minnesota Statutes, section 123B.51, subdivision 6, in fiscal years
2010 or 2011, Independent School District No. 535, Rochester, may deposit the proceeds
of a sale or exchange of school buildings or real property of the district in its general
fund reserved for operating capital account.
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This section is effective the day following final enactment.
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