Bill Text: MN HF885 | 2011-2012 | 87th Legislature | Introduced
Bill Title: Independent School District No. 857, Lewiston, fund transfer extended.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2011-03-07 - Introduction and first reading, referred to Education Finance [HF885 Detail]
Download: Minnesota-2011-HF885-Introduced.html
1.2relating to education finance; extending a fund transfer for Independent School
1.3District No. 857, Lewiston;amending Laws 2001, First Special Session chapter
1.46, article 5, section 10, subdivision 4.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. Laws 2001, First Special Session chapter 6, article 5, section 10, subdivision
1.74, is amended to read:
1.8 Subd. 4. Lewiston. (a) Notwithstanding Minnesota Statutes, section123B.79
1.9or123B.80 , for calendar years 2002 through 2012 2024, on June 30 of each year,
1.10independent school district No. 857, Lewiston, may permanently transfer up to $175,000
1.11from its capital accounts in its general fund or from its unrestricted general fund to the
1.12debt redemption fund.
1.13 (b) The eligible debt service revenue and debt service equalization aid, if any, for
1.14independent school district No. 857, Lewiston, must be determined prior to the annual
1.15transfer of general fund revenue authorized in subdivision 1.
1.16EFFECTIVE DATE.This section is effective the day following final enactment.
1.3District No. 857, Lewiston;amending Laws 2001, First Special Session chapter
1.46, article 5, section 10, subdivision 4.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. Laws 2001, First Special Session chapter 6, article 5, section 10, subdivision
1.74, is amended to read:
1.8 Subd. 4. Lewiston. (a) Notwithstanding Minnesota Statutes, section
1.9or
1.10independent school district No. 857, Lewiston, may permanently transfer up to $175,000
1.11from its capital accounts in its general fund or from its unrestricted general fund to the
1.12debt redemption fund.
1.13 (b) The eligible debt service revenue and debt service equalization aid, if any, for
1.14independent school district No. 857, Lewiston, must be determined prior to the annual
1.15transfer of general fund revenue authorized in subdivision 1.
1.16EFFECTIVE DATE.This section is effective the day following final enactment.
