SF 3492

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

A bill for an act
relating to education finance; authorizing Independent School District No. 750,
Rocori, to lease administrative space under certain conditions.

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

Section 1. new text begin LEASE LEVY; ADMINISTRATIVE SPACE, ROCORI.
new text end

new text begin Independent School District No. 750, Rocori, may lease administrative space under
Minnesota Statutes, section 126C.40, subdivision 1, if the district can demonstrate to
the commissioner's satisfaction that the administrative space is less expensive than
instructional space that the district would otherwise lease. The commissioner must
deny this levy authority unless the district passes a resolution stating its intent to lease
instructional space under Minnesota Statutes, section 126C.40, subdivision 1, if the
commissioner does not grant authority under this section. The resolution must also certify
that a lease of administrative space under this section is less expensive than the district's
proposed instructional lease. Levy authority under this section shall not exceed the total
levy authority under Minnesota Statutes, section 126C.40, subdivision 1, paragraph (e).
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for revenue for taxes payable in
2007.
new text end