SF 1517

as introduced - 82nd Legislature (2001 - 2002) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to education; allowing school districts to 
  1.3             transfer funds without a levy reduction; requiring 
  1.4             public notice; amending Minnesota Statutes 2000, 
  1.5             section 123B.80, by adding a subdivision. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  Minnesota Statutes 2000, section 123B.80, is 
  1.8   amended by adding a subdivision to read: 
  1.9      Subd. 4.  [FUND TRANSFER.] A district may permanently 
  1.10  transfer funds without a levy reduction under section 475.61 if 
  1.11  at least 30 days prior to the transfer it adopts a board 
  1.12  resolution authorizing the action and informs each property 
  1.13  taxpayer in the district by first-class mail of the proposed 
  1.14  amount to be transferred.  The notice must indicate that state 
  1.15  law requires the district to otherwise reduce school levies and 
  1.16  that levies will be higher by the amount.  This notice 
  1.17  requirement also applies to any transfer made under this section 
  1.18  or by any special provision enacted into law.  If the transfer 
  1.19  under this section or special law would not otherwise have 
  1.20  resulted in a levy reduction, the notice must include the amount 
  1.21  and must indicate that property tax levies will not be used for 
  1.22  the original purpose for which they were levied. 
  1.23     [EFFECTIVE DATE.] This section is effective July 1, 2001.