1.1                          A bill for an act 
  1.2             relating to education finance; authorizing an 
  1.3             intermediate school district to levy for judgments; 
  1.4             amending Minnesota Statutes 2001 Supplement, section 
  1.5             126C.43, subdivision 3.  
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  Minnesota Statutes 2001 Supplement, section 
  1.8   126C.43, subdivision 3, is amended to read: 
  1.9      Subd. 3.  [TAX LEVY FOR JUDGMENT.] A district or 
  1.10  intermediate school district may levy the amounts necessary to 
  1.11  pay judgments against the school district or intermediate school 
  1.12  district under section 123B.25 that became final after the date 
  1.13  the district certified its proposed levy in the previous year.  
  1.14  With the approval of the commissioner, a district may spread 
  1.15  this levy over a period not to exceed three years. 
  1.16     <b>[EFFECTIVE DATE.]</b> This section is effective for taxes 
  1.17  payable in 2003.