as introduced - 87th Legislature (2011 - 2012) Posted on 02/29/2012 01:35pm
A bill for an act
relating to education finance; permitting a onetime fund transfer for Independent
School District No. 88, New Ulm.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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Notwithstanding Minnesota Statutes, sections 123B.57, 123B.80, and 475.61,
subdivision 4, on June 29, 2012, Independent School District No. 88, New Ulm, may
permanently transfer up to $848,000 from its building construction fund to its reserved for
capital projects account without a corresponding levy adjustment in the debt service fund.
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This section is effective the day following final enactment.
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