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MN SF2878

Bill

Official Source

Status

Introduced

3/1/2010

Primary Sponsor

Donald Betzold

Click for details

Origin

Senate

86th Legislature 2009-2010

AI Summary

  • Allows Independent School District No. 11, Anoka-Hennepin to permanently transfer funds from its debt redemption fund to its undesignated general fund balance on June 30, 2010.

  • Transfer amount cannot exceed the five percent excess required under Minnesota Statutes, section 475.61, for the debt levy payable in 2009.

  • Permits the transfer without requiring a corresponding levy reduction, notwithstanding existing statutes (sections 123B.79, 123B.80, and 475.61, subdivision 4).

  • Takes effect the day following final enactment.

Legislative Description

Independent school district #11, Anoka-Hennepin; permanent fund transfer authorization

Last Action

Senate: Introduction and first reading

3/1/2010

Committee Referrals

Finance3/1/2010

Full Bill Text

No bill text available