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MN SF242
Bill
Status
Introduced
2/7/2011
Primary Sponsor
Terri Bonoff
Click for details
AI Summary
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Repeals Minnesota Statutes 2010, section 127A.46, which required the Department of Management and Budget to reduce school district state-aid payments before the state undertakes short-term borrowing for cash flow needs.
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Eliminates the requirement that school district funding be reduced as a prerequisite to state short-term borrowing.
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Takes effect the day following final enactment.
Legislative Description
School districts state-aid payments reduction prior to short-term borrowing for cash flow needs repeal
Last Action
Referred to Education
2/7/2011
Committee Referrals
Education2/7/2011
Full Bill Text
No bill text available