SF 34
Introduction - 87th Legislature (2011 - 2012)
Posted on 02/23/2012 08:09 a.m.
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A bill for an act
relating to education finance; authorizing fund transfer for Independent School
District No. 726, Becker.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1. new text begin FUND TRANSFER; BECKER.
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Notwithstanding Minnesota Statutes, section 123B.79, 123B.80, or 475.61,
subdivision 4, on June 30, 2011, Independent School District No. 726, Becker, may
permanently transfer up to $500,000 from its debt redemption fund to its undesignated
general fund balance without making a levy reduction.
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new text begin EFFECTIVE DATE. new text end
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This section is effective the day following final enactment.
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