Bill Text: MN HF70 | 2011-2012 | 87th Legislature | Introduced
Bill Title: Independent School District No. 726, Becker, fund transfer authorized.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2011-01-13 - Introduction and first reading, referred to Education Finance [HF70 Detail]
Download: Minnesota-2011-HF70-Introduced.html
1.2relating to education finance; authorizing fund transfer for Independent School
1.3District No. 726, Becker.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. FUND TRANSFER; BECKER.
1.6Notwithstanding Minnesota Statutes, section 123B.79, 123B.80, or 475.61,
1.7subdivision 4, on June 30, 2011, Independent School District No. 726, Becker, may
1.8permanently transfer up to $500,000 from its debt redemption fund to its undesignated
1.9general fund balance without making a levy reduction.
1.10EFFECTIVE DATE.This section is effective the day following final enactment.
1.3District No. 726, Becker.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. FUND TRANSFER; BECKER.
1.6Notwithstanding Minnesota Statutes, section 123B.79, 123B.80, or 475.61,
1.7subdivision 4, on June 30, 2011, Independent School District No. 726, Becker, may
1.8permanently transfer up to $500,000 from its debt redemption fund to its undesignated
1.9general fund balance without making a levy reduction.
1.10EFFECTIVE DATE.This section is effective the day following final enactment.
