as introduced - 82nd Legislature (2001 - 2002) Posted on 12/15/2009 12:00am
Engrossments | ||
---|---|---|
Introduction | Posted on 03/01/2001 |
1.1 A bill for an act 1.2 relating to education; authorizing the establishment 1.3 of reserve accounts; amending Minnesota Statutes 2000, 1.4 section 123B.75, by adding a subdivision. 1.5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.6 Section 1. Minnesota Statutes 2000, section 123B.75, is 1.7 amended by adding a subdivision to read: 1.8 Subd. 10. [RESERVED REVENUE.] In addition to any other 1.9 reserve accounts authorized to be established pursuant to other 1.10 law, a school district may establish one or more reserve 1.11 accounts in the general fund which will contain revenue 1.12 appropriated to those accounts by the board. Revenue contained 1.13 in a reserve account may only be used for the purposes specified 1.14 by the board and shall not be available for other purposes. 1.15 [EFFECTIVE DATE.] This section is effective July 1, 2001.