SF 142

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to education; authorizing certain school
districts to levy for school bus purchases.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin SCHOOL BUS LEVY.
new text end

new text begin For taxes payable in 2006, a school district in statutory
operating debt under Minnesota Statutes, section 123B.81, may
levy up to the amount paid for school buses purchased by the
district from May 1, 2004, through September 1, 2004. The
school district must recognize the full amount of this levy as
revenue for the fiscal year in which it is certified.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective July 1, 2005.
new text end