HF 1636

as introduced - 89th Legislature (2015 - 2016) Posted on 03/18/2015 01:12pm

A bill for an act
relating to education finance; extending the authority for school districts to
transfer certain money among funds and accounts; amending Laws 2013, chapter
116, article 7, section 19.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Laws 2013, chapter 116, article 7, section 19, is amended to read:

Sec. 19. FUND TRANSFER; FISCAL YEARS YEAR 2014 AND 2015
THROUGH FISCAL YEAR 2017 ONLY.

(a) Notwithstanding Minnesota Statutes, section 123B.80, subdivision 3, for fiscal
years year 2014 and 2015 through fiscal year 2017 only, the commissioner must approve
a request for a fund transfer if the transfer does not increase state aid obligations to the
district or result in additional property tax authority for the district. This section does not
permit transfers from the community service fund, the food service fund, or the reserved
account for staff development under section 122A.61.

(b) A school board may approve a fund transfer under paragraph (a) only after
adopting a resolution stating the fund transfer will not diminish instructional opportunities
for students.

EFFECTIVE DATE.

This section is effective the day following final enactment.