Section 126C.64 Net Debt; Determination

126C.64 NET DEBT; DETERMINATION.

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.

History:

1967 c 583 s 7; 1998 c 397 art 7 s 48,164