1.1 	A bill for an act
1.2 	relating to education finance; creating a onetime exception; allowing proceeds 
1.3 	from sale of school district property to be used as operating capital.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. ONETIME EXCEPTION; PROCEEDS OF SALE.
 1.6 	Notwithstanding Minnesota Statutes, section 123B.51, subdivision 6, in fiscal years 
1.7 	2010 or 2011, Independent School District No. 535, Rochester, may deposit the proceeds 
1.8 	of a sale or exchange of school buildings or real property of the district in its general 
1.9 	fund reserved for operating capital account.

1.10 	EFFECTIVE DATE. This section is effective the day following final enactment.