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; authorizing a fund transfer for 1.3 independent school district No. 2859, Glencoe-Silver 1.4 Lake; authorizing an additional levy for independent 1.5 school district No. 2859, Glencoe-Silver Lake. 1.6 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.7 Section 1. [FUND TRANSFER; GLENCOE-SILVER LAKE.] 1.8 Notwithstanding Minnesota Statutes, sections 123B.79; 1.9 123B.80; and 475.61, subdivision 4, on June 30, 2001, 1.10 independent school district No. 2859, Glencoe-Silver Lake, may 1.11 permanently transfer up to $27,000 from its debt redemption fund 1.12 to its reserved operating capital account in its general fund 1.13 without making a levy reduction. 1.14 [EFFECTIVE DATE.] This section is effective the day 1.15 following final enactment. 1.16 Sec. 2. [LEVY; GLENCOE-SILVER LAKE.] 1.17 For taxes levied in 2001 and payable in 2002 only, 1.18 independent school district No. 2859, Glencoe-Silver Lake, may 1.19 levy up to $53,000 to replace revenue lost due to certification 1.20 of an excess in the debt redemption fund.