2022 Minnesota Statutes
- Search Minnesota Statutes
- About Minnesota Statutes
- 2022 Statutes New, Amended or Repealed
- 2022 Table of Chapters
- 2022 Statutes Topics (Index)
Chapter 123B
Section 123B.82
Recent History
- 2005 123B.82 Amended 2005 c 5 art 1 s 7
- 2004 123B.82 Amended 2004 c 294 art 1 s 5
123B.82 REORGANIZATION OPERATING DEBT.
The "reorganization operating debt" of a school district means the net negative unreserved fund balances in all school district funds, other than building construction, debt redemption, and trust and agency, calculated in accordance with the uniform financial accounting and reporting standards for Minnesota school districts as of:
(1) June 30 of the fiscal year before the first year that a district receives revenue according to section 123A.39, subdivision 3; or
(2) June 30 of the fiscal year before the effective date of reorganization according to section 123A.46 or 123A.48.
History:
1991 c 265 art 6 s 3; 1996 c 412 art 13 s 7; 1998 c 397 art 6 s 124; art 11 s 3; 2004 c 294 art 1 s 5; 1Sp2005 c 5 art 1 s 7
Official Publication of the State of Minnesota
Revisor of Statutes