1.1                          A bill for an act 
  1.2             relating to education; authorizing a fund transfer for 
  1.3             independent school district No. 2859, Glencoe-Silver 
  1.4             Lake; authorizing an additional levy for independent 
  1.5             school district No. 2859, Glencoe-Silver Lake. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  [FUND TRANSFER; GLENCOE-SILVER LAKE.] 
  1.8      Notwithstanding Minnesota Statutes, sections 123B.79; 
  1.9   123B.80; and 475.61, subdivision 4, on June 30, 2001, 
  1.10  independent school district No. 2859, Glencoe-Silver Lake, may 
  1.11  permanently transfer up to $27,000 from its debt redemption fund 
  1.12  to its reserved operating capital account in its general fund 
  1.13  without making a levy reduction. 
  1.14     <b>[EFFECTIVE DATE.]</b> This section is effective the day 
  1.15  following final enactment. 
  1.16     Sec. 2.  [LEVY; GLENCOE-SILVER LAKE.] 
  1.17     For taxes levied in 2001 and payable in 2002 only, 
  1.18  independent school district No. 2859, Glencoe-Silver Lake, may 
  1.19  levy up to $53,000 to replace revenue lost due to certification 
  1.20  of an excess in the debt redemption fund.