1.1 	A bill for an act
1.2 	relating to education; dissolving Independent School District No. 402, Hendricks.
1.3 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.4 	Section 1. DISSOLUTION OF INDEPENDENT SCHOOL DISTRICT NO. 402, 
1.5 	HENDRICKS.
 1.6 	(a) Independent School District No. 402, Hendricks, is dissolved. All territory of the 
1.7 	district is attached to Independent School District No. 403, Ivanhoe.
1.8 	(b) The bonded debt of Independent School District No. 402, Hendricks, must be 
1.9 	paid according to levies made for that debt under provision of chapter 475. The obligation 
1.10 	of the taxable property in the dissolved district with reference to the payment of such 
1.11 	bonded debt is not affected by this section.
1.12 	(c) All of Independent School District No. 402, Hendricks, current assets and 
1.13 	liabilities, real and personal, and all its legally valid and enforceable claims and contract 
1.14 	obligations must pass to Independent School District No. 403, Ivanhoe, except as 
1.15 	provided in Minnesota Statutes, section 123A.75. Notwithstanding Minnesota Statutes, 
1.16 	section 123A.75, for the 2012-2013 and 2013-2014 school years, all teachers and staff, 
1.17 	excluding the superintendent, of Independent School District No. 402, Hendricks, shall 
1.18 	retain their positions.

1.19 	EFFECTIVE DATE. This section is effective July 1, 2012.