MN SF2011

Authorizes Independent School District No. 191, Burnsville-Eagan-Savage, to deposit remaining net proceeds from property leases into its general unrestricted fund, after first depositing sufficient amounts in the debt retirement fund to cover the proportional bond payments related to the leased property.

Permits the district to deposit remaining proceeds from the sale or exchange of school buildings or real property into its general unrestricted fund, provided the property was specifically identified in the district's open facilities action plan.

Applies only to proceeds from property identified in the district's open facilities action plan and requires compliance with Minnesota Statutes section 123B.51.

Becomes effective upon the district's compliance with Minnesota Statutes section 645.021, subdivisions 2 and 3.