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MN SF1829
Bill
Status
3/6/2017
Primary Sponsor
Paul Gazelka
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AI Summary
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Modifies procedures for school district dissolution and attachment by clarifying that referendum revenue authorizations of dissolved districts are canceled, while referendum authorizations of receiving districts remain unaffected and apply to the enlarged district.
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Authorizes Independent School District No. 2759 (Eagle Valley) to issue general obligation bonds without an election for its reorganization operating debt, with bonds to be repaid within ten years and repayment responsibility remaining on taxable property within the former district boundaries.
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Provides one-time transition aid for fiscal year 2018 to districts receiving Eagle Valley territory, calculated at $10,000 per kindergarten through grade 6 pupil enrolled in the former Eagle Valley district, capped at $250,000 per receiving district.
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Repeals Minnesota Statutes section 123A.73, subdivision 3, which previously contained different rules for voluntary dissolution and referendum revenue in reorganized districts.
Legislative Description
Independent school district #2759, Eagle Valley; school district reorganization operating debt bond issue authorization and transition aid for districts attaching territory; school districts dissolution and attachment procedures modification
Last Action
Comm report: To pass and re-referred to E-12 Finance
3/13/2017