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HF 3226

as introduced - 86th Legislature (2009 - 2010) Posted on 03/01/2010 09:08am

KEY: stricken = removed, old language.
underscored = added, new language.
Version List Authors and Status
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Current Version - as introduced

Line numbers 1.1 1.2 1.3 1.4
1.5 1.6 1.7 1.8 1.9 1.10
1.11

A bill for an act
 relating to education finance; authorizing a fund transfer for Independent School
District No. 11, Anoka-Hennepin.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin FUND TRANSFER; ANOKA-HENNEPIN.
new text end

new text begin Notwithstanding Minnesota Statutes, sections 123B.79, 123B.80, and 475.61,
subdivision 4, on June 30, 2010, Independent School District No. 11, Anoka-Hennepin,
may permanently transfer an amount not to exceed the five percent excess required under
Minnesota Statutes, section 475.61, for the debt levy payable in 2009 from its debt
redemption fund to its undesignated general fund balance without making a levy reduction.
 new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
 new text end