SF 1516

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

A bill for an act
relating to education; authorizing a fund transfer for
Independent School District No. 738, Holdingford.

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

Section 1. new text begin HOLDINGFORD; FUND TRANSFER.
new text end

new text begin Notwithstanding Minnesota Statutes, sections 123B.79,
123B.80, and 475.61, subdivision 4, Independent School District
No. 738, Holdingford, on June 30, 2005, may permanently transfer
up to $200,000 from its debt redemption fund to the undesignated
balance of its general fund without making a levy reduction.
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