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Bill > SF2011
MN SF2011
Independent School District # 191; Burnsville-Eagan-Savage fund transfer authorization
summary
Introduced
03/11/2021
03/11/2021
In Committee
05/16/2022
05/16/2022
Crossed Over
05/16/2022
05/16/2022
Passed
Dead
05/23/2022
05/23/2022
Introduced Session
92nd Legislature 2021-2022
Bill Summary
A bill for an act relating to education finance; authorizing a fund transfer for Independent School District No. 191, Burnsville-Eagan-Savage.
AI Summary
This bill authorizes Independent School District #191, Burnsville-Eagan-Savage, to transfer any remaining net proceeds from the lease of real property that is not needed for school purposes into the district's general unrestricted fund, after depositing an amount sufficient to meet the principal and interest payments for outstanding bonds. It also allows the district to deposit any remaining proceeds from the sale or exchange of school buildings or real property into the general unrestricted fund, after applying the proceeds as required under existing law. These provisions are effective upon the district's compliance with the specified statutory requirements.
Committee Categories
Budget and Finance, Education
Sponsors (4)
Last Action
Senate file first reading, referred to Education Finance (on 05/16/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF2011&ssn=0&y=2021 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=SF2011&version=0&session=ls92&session_year=2021&session_number=0&format=pdf |
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