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MN SF209
Bill
Status
Introduced
2/2/2011
Primary Sponsor
Theodore Daley
Click for details
AI Summary
- Repeals Minnesota Statutes 2010, section 127A.46, which authorized state-aid payment reductions to school districts
- Eliminates the mechanism that allowed districts to borrow short-term for cash flow needs by modifying state payments
- Becomes effective the day following final enactment
- Modifies education finance by removing short-term borrowing authority tied to state-aid payment adjustments
Legislative Description
School districts state-aid payments reduction prior to short-term borrowing for cash flow needs repeal
Last Action
Author added Sieben
2/28/2011
Committee Referrals
Education2/2/2011
Full Bill Text
No bill text available