as introduced - 83rd Legislature (2003 - 2004) Posted on 12/15/2009 12:00am
1.1 A bill for an act 1.2 relating to education finance; allowing Independent 1.3 School District No. 51, Foley, to make a fund transfer. 1.4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.5 Section 1. [FUND TRANSFER, FOLEY.] 1.6 Notwithstanding Minnesota Statutes, section 123B.79 or 1.7 123B.80, on June 30, 2004, Independent School District No. 51, 1.8 Foley, may permanently transfer up to $190,000 from its reserved 1.9 operating capital account in its general fund to the 1.10 undesignated general fund balance. 1.11 [EFFECTIVE DATE.] This section is effective the day 1.12 following final enactment.