In computing "net debt" and in determining whether a district is eligible for a state loan, state loans to the district shall not be considered, notwithstanding the provisions of any other general or special law.
Minn. Stat. § 126C.64
NET DEBT; DETERMINATION.
Known as the Maximum Effort School Aid Law
The act spans §§ 126C.60 to 126C.72 (12 sections).
1967 c 583 s 7; 1998 c 397 art 7 s 48,164
Official source: Minnesota Office of the Revisor of Statutes. Reproduced from public-domain Minnesota statutes; confirm against the official source for the current text. Not legal advice.