HF 3061

as introduced - 81st Legislature (1999 - 2000) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to education; authorizing intermediate school 
  1.3             districts to sell and issue bonds under certain 
  1.4             conditions; amending Minnesota Statutes 1998, sections 
  1.5             136D.281, subdivision 4; 136D.741, subdivision 4; and 
  1.6             136D.88, subdivision 4. 
  1.7   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.8      Section 1.  Minnesota Statutes 1998, section 136D.281, 
  1.9   subdivision 4, is amended to read: 
  1.10     Subd. 4.  [REFERENDUM.] The intermediate school board shall 
  1.11  not may sell and issue bonds for acquisition or betterment 
  1.12  purposes until if:  (1) each member school district board has 
  1.13  adopted a resolution authorizing the project; (2) the 
  1.14  intermediate board has prepared and published in a newspaper of 
  1.15  general circulation in the district a notice of the public 
  1.16  meeting on the intermediate district's intent to sell bonds; (3) 
  1.17  the intermediate board has adopted a resolution authorizing the 
  1.18  bonds; and (4) the question of their issuance has been submitted 
  1.19  to the voters of the intermediate school district at a special 
  1.20  election held in and for the intermediate district.  The date of 
  1.21  the election, the question to be submitted, and all other 
  1.22  necessary conduct of the election shall be fixed by the 
  1.23  intermediate school board.  The election shall be conducted and 
  1.24  canvassed under the direction of the intermediate school board 
  1.25  in accordance with chapter 205A, insofar as applicable. 
  1.26     If a majority of the total number of votes cast on the 
  2.1   question within the intermediate school district is in favor of 
  2.2   the question, the intermediate school board may proceed with the 
  2.3   sale and issuance of the bonds. 
  2.4      The bonds shall be general obligations of the intermediate 
  2.5   school district; however, each member school district must each 
  2.6   year certify its proportionate share of the debt service levy on 
  2.7   the bonds, with the allocation of its share of that levy 
  2.8   determined in accordance with the resolution authorizing the 
  2.9   project previously adopted by each member school board.  For 
  2.10  purposes of section 123B.53, the debt service levies certified 
  2.11  for this purpose by an individual member school district shall 
  2.12  be considered debt service levies of that school district.  By 
  2.13  July 1 and December 1 of each year, the school board of each 
  2.14  member school district shall transfer to the intermediate school 
  2.15  district an amount equal to 50 percent of the debt service levy 
  2.16  certified by that member school district in the previous fiscal 
  2.17  year to pay its proportionate share. 
  2.18     Sec. 2.  Minnesota Statutes 1998, section 136D.741, 
  2.19  subdivision 4, is amended to read: 
  2.20     Subd. 4.  [REFERENDUM.] The intermediate school board shall 
  2.21  not may sell and issue bonds for acquisition or betterment 
  2.22  purposes until if:  (1) each member school district board has 
  2.23  adopted a resolution authorizing the project; (2) the 
  2.24  intermediate board has prepared and published in a newspaper of 
  2.25  general circulation in the district a notice of the public 
  2.26  meeting on the intermediate district's intent to sell bonds; (3) 
  2.27  the intermediate board has adopted a resolution authorizing the 
  2.28  bonds; and (4) the question of their issuance has been submitted 
  2.29  to the voters of the intermediate school district at a special 
  2.30  election held in and for such intermediate district.  The date 
  2.31  of such election, the question to be submitted, and all other 
  2.32  necessary conduct of such election shall be fixed by the 
  2.33  intermediate school board and said election shall be conducted 
  2.34  and canvassed under the direction of the intermediate school 
  2.35  board in accordance with chapter 205A, insofar as the same may 
  2.36  be deemed applicable. 
  3.1      If a majority of the total number of votes cast on the 
  3.2   question within the intermediate school district is in favor of 
  3.3   the question, the intermediate school board may thereupon 
  3.4   proceed with the sale and the issuance of said bonds. 
  3.5      The bonds shall be general obligations of the intermediate 
  3.6   school district; however, each member school district must each 
  3.7   year certify its proportionate share of the debt service levy on 
  3.8   the bonds, with the allocation of its share of that levy 
  3.9   determined in accordance with the resolution authorizing the 
  3.10  project previously adopted by each member school board.  For 
  3.11  purposes of section 123B.53, the debt service levies certified 
  3.12  for this purpose by an individual member school district shall 
  3.13  be considered debt service levies of that school district.  By 
  3.14  July 1 and December 1 of each year, the school board of each 
  3.15  member school district shall transfer to the intermediate school 
  3.16  district an amount equal to 50 percent of the debt service levy 
  3.17  certified by that member school district in the previous fiscal 
  3.18  year to pay its proportionate share. 
  3.19     Sec. 3.  Minnesota Statutes 1998, section 136D.88, 
  3.20  subdivision 4, is amended to read: 
  3.21     Subd. 4.  [REFERENDUM.] The intermediate school board shall 
  3.22  not may sell and issue bonds for acquisition or betterment 
  3.23  purposes until if:  (1) each member school district board has 
  3.24  adopted a resolution authorizing the project; (2) the 
  3.25  intermediate board has prepared and published in a newspaper of 
  3.26  general circulation in the district a notice of the public 
  3.27  meeting on the intermediate district's intent to sell bonds; (3) 
  3.28  the intermediate board has adopted a resolution authorizing the 
  3.29  bonds; and (4) the question of their issuance has been submitted 
  3.30  to the voters of the intermediate school district at a special 
  3.31  election held in and for the intermediate district.  The date of 
  3.32  the election, the question to be submitted, and all other 
  3.33  necessary conduct of the election shall be fixed by the 
  3.34  intermediate school board.  The election shall be conducted and 
  3.35  canvassed under the direction of the intermediate school board 
  3.36  in accordance with chapter 205A, insofar as applicable. 
  4.1      If a majority of the total number of votes cast on the 
  4.2   question within the intermediate school district is in favor of 
  4.3   the question, the intermediate school board may thereupon 
  4.4   proceed with the sale and issuance of the bonds. 
  4.5      The bonds shall be general obligations of the intermediate 
  4.6   school district; however, each member school district must each 
  4.7   year certify its proportionate share of the debt service levy on 
  4.8   the bonds, with the allocation of its share of that levy 
  4.9   determined in accordance with the resolution authorizing the 
  4.10  project previously adopted by each member school board.  For 
  4.11  purposes of section 123B.53, the debt service levies certified 
  4.12  for this purpose by an individual member school district shall 
  4.13  be considered debt service levies of that school district.  By 
  4.14  July 1 and December 1 of each year, the school board of each 
  4.15  member school district shall transfer to the intermediate school 
  4.16  district an amount equal to 50 percent of the debt service levy 
  4.17  certified by that member school district in the previous fiscal 
  4.18  year to pay its proportionate share. 
  4.19     Sec. 4.  [EFFECTIVE DATE.] 
  4.20     Sections 1 to 3 are effective July 1, 2000.