as introduced - 81st Legislature (1999 - 2000) 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. 111, Watertown-Mayer. 1.4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.5 Section 1. [INDEPENDENT SCHOOL DISTRICT NO. 111, 1.6 WATERTOWN-MAYER, FUND TRANSFER.] 1.7 Notwithstanding Minnesota Statutes, sections 123B.79, 1.8 123B.80, and 475.61, subdivision 4, on June 30, 2000, 1.9 independent school district No. 111, Watertown-Mayer, may 1.10 permanently transfer up to $400,000 of its debt redemption fund 1.11 to its capital account in its general fund without making a levy 1.12 reduction to purchase land for a school facility. 1.13 Sec. 2. [EFFECTIVE DATE.] 1.14 Section 1 is effective the day following final enactment.