123A.41 LEVIES FOR DISTRICTS AT THE TIME OF COMBINATION.
Subdivision 1. Referendum revenues.
The referendum revenue authorization of the
combined district shall be one of the methods set forth in section
123A.73, subdivision 4
, 5, or 6,
and must be consistent with the plan adopted according to section
, and any subsequent
Subd. 2. Bonded debt.
Debt service for bonds outstanding at the time of the combination
may be levied by the combined board consistent with the plan adopted according to section
, and any subsequent modifications, subject to section
. The primary obligation to
pay the bonded indebtedness that is outstanding on the effective date of combination remains
with the district that issued the bonds. However, the combined district may make debt service
payments on behalf of a preexisting district.
Subd. 3. Capital loan.
The combined board may levy for the obligations for a capital loan
outstanding at the time of combination, consistent with the plan adopted according to section
and any subsequent modifications. The primary obligation to levy as required by the
capital loan remains with taxable property in the preexisting district that obtained the capital
loan. However, the obligation of a capital loan may be extended to all of the taxable property in
the combined district.
Subd. 4. Transitional levy.
The board of the combined district, or the boards of combining
districts that have received voter approval for the combination under section
, may levy for the expenses of negotiation, administrative expenses directly related to the
transition from cooperation to combination, and the cost of necessary new athletic and music
uniforms. The board or boards may levy this amount over three or fewer years. All expenses must
be approved by the commissioner of education.
History: 1989 c 329 art 6 s 11; 1991 c 265 art 6 s 14,15; 1992 c 499 art 12 s 5; 1993 c 224
art 13 s 16; 1Sp1995 c 3 art 16 s 13; 1998 c 397 art 5 s 42,43,104; art 11 s 3; 2003 c 130 s 12