SF 511

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

A bill for an act
relating to education finance; allowing Independent
School District No. 51, Foley, to make a fund transfer.

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

Section 1. new text begin FUND TRANSFER, FOLEY.
new text end

new text begin Notwithstanding Minnesota Statutes, section 123B.79 or
123B.80, on June 30, 2005, Independent School District No. 51,
Foley, may permanently transfer up to $190,000 from its reserved
operating capital account in its general fund to the
undesignated general fund balance.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day
following final enactment.
new text end