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SF 2514

as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

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1.10

A bill for an act
relating to education finance; authorizing an account transfer for Independent
School District No. 411, Balaton.

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

Section 1. new text begin RESERVED FOR OPERATING CAPITAL ACCOUNT TRANSFER;
BALATON SCHOOL DISTRICT.
new text end

new text begin Notwithstanding Minnesota Statutes, section 123B.79 or 123B.80, on June 30,
2008, Independent School District No. 411, Balaton, may transfer up to $70,000 from its
reserved for operating capital account to its 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