1.1 	A bill for an act
1.2 	relating to education finance; authorizing the school district to recognize its 
1.3 	operating levy early.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. EARLY LEVY RECOGNITION; WILLOW RIVER.
 1.6 	Notwithstanding Minnesota Statutes, sections 123B.75, and 127A.441, if 
1.7 	Independent School District No. 577, Willow River, successfully approves an operating 
1.8 	referendum in September 2006, the district may recognize up to 50 percent of the 
1.9 	operating referendum levy approved at that election as revenue for the fiscal year in which 
1.10 	it is certified. This early recognition applies only to referendum authority approved 
1.11 	in September 2006.

1.12 	EFFECTIVE DATE. This section is effective for revenue for fiscal year 2007 
1.13 	and later.