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.  [FUND TRANSFER; WATERTOWN-MAYER.] 
  1.6      Notwithstanding Minnesota Statutes, sections 123B.79, 
  1.7   123B.80, and 475.61, subdivision 4, on June 30, 2001, 
  1.8   independent school district No. 111, Watertown-Mayer, may 
  1.9   permanently transfer up to $325,000 from its debt redemption 
  1.10  fund to its reserved for capital account in its general fund 
  1.11  without making a levy reduction.  
  1.12     <b>[EFFECTIVE DATE.]</b> This section is effective the day 
  1.13  following final enactment.