Minnesota § 123B.82 REORGANIZATION OPERATING DEBT

Minnesota Statutes

§ 123B.82 — REORGANIZATION OPERATING DEBT

Minnesota § 123B.82

PartEDUCATION CODE: PREKINDERGARTEN - GRADE 12

Ch. 123BSCHOOL DISTRICT POWERS AND DUTIES

This text of Minnesota § 123B.82 (REORGANIZATION OPERATING DEBT) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 123B.82 (2026).

Text

The "reorganization operating debt" of a school district means the net negative unreserved fund balances in all school district funds, other than building construction, debt redemption, and trust and agency, calculated in accordance with the uniform financial accounting and reporting standards for Minnesota school districts as of:

(1)June 30 of the fiscal year before the first year that a district receives revenue according to section123A.39, subdivision 3; or

(2)June 30 of the fiscal year before the effective date of reorganization according to section123A.46or123A.48.

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The "reorganization operating debt" of a school district means the net negative unreserved fund balances in all school district funds, other than building construction, debt redemption, and trust and agency, calculated in accordance with the uniform financial accounting and reporting standards for Minnesota school districts as of:
(1) June 30 of the fiscal year before the first year that a district receives revenue according to section123A.39, subdivision 3; or
(2) June 30 of the fiscal year before the effective date of reorganization according to section123A.46or123A.48.