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MN HF2577

Bill

Official Source

Status

Introduced

2/29/2012

Primary Sponsor

Paul Torkelson

Click for details

Origin

House of Representatives

87th Legislature 2011-2012

AI Summary

  • Permits Independent School District No. 88, New Ulm to permanently transfer up to $848,000 from its building construction fund to its reserved for capital projects account on June 29, 2012
  • Allows the transfer without requiring a corresponding levy adjustment in the debt service fund
  • Exempts the district from compliance with Minnesota Statutes sections 123B.57, 123B.80, and 475.61, subdivision 4 for this transfer
  • Takes effect the day following final enactment

Legislative Description

Independent School District No. 88, New Ulm, onetime fund transfer permitted.

Last Action

Introduction and first reading, referred to Education Finance

2/29/2012

Committee Referrals

Education Finance2/29/2012

Full Bill Text

No bill text available