Bill Text: MN SF2158 | 2011-2012 | 87th Legislature | Engrossed
Bill Title: Independent school district #88, New Ulm; funds transfer authorization
Sponsorship: Partisan Bill (Republican 1)
Status: (Introduced - Dead) 2012-03-22 - Comm report: To pass as amended and re-refer to Taxes [SF2158 Detail]
Download: Minnesota-2011-SF2158-Engrossed.html
1.2relating to education finance; permitting a onetime fund transfer for Independent
1.3School District No. 88, New Ulm.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. FUND TRANSFER; NEW ULM.
1.6Notwithstanding Minnesota Statutes, sections 123B.57, 123B.80, and 475.61,
1.7subdivision 4, on June 29, 2012, Independent School District No. 88, New Ulm, may
1.8permanently transfer up to $848,000 from its building construction fund to its reserved
1.9for operating capital projects account without a corresponding levy adjustment in the
1.10debt service fund.
1.11EFFECTIVE DATE.This section is effective the day following final enactment.
1.3School District No. 88, New Ulm.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. FUND TRANSFER; NEW ULM.
1.6Notwithstanding Minnesota Statutes, sections 123B.57, 123B.80, and 475.61,
1.7subdivision 4, on June 29, 2012, Independent School District No. 88, New Ulm, may
1.8permanently transfer up to $848,000 from its building construction fund to its reserved
1.9for operating capital projects account without a corresponding levy adjustment in the
1.10debt service fund.
1.11EFFECTIVE DATE.This section is effective the day following final enactment.
