SF 2158

1st Engrossment - 87th Legislature (2011 - 2012) Posted on 03/23/2012 09:22am

A bill for an act
relating to education finance; permitting a onetime fund transfer for Independent
School District No. 88, New Ulm.

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

Section 1. new text begin FUND TRANSFER; NEW ULM.
new text end

new text begin Notwithstanding Minnesota Statutes, sections 123B.57, 123B.80, and 475.61,
subdivision 4, on June 29, 2012, Independent School District No. 88, New Ulm, may
permanently transfer up to $848,000 from its building construction fund to its reserved
for operating capital projects account without a corresponding levy adjustment in the
debt service fund.
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