HF 1878

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to education; authorizing fund transfers for
Independent School District No. 836, Butterfield.

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

Section 1. new text begin BUTTERFIELD; FUND TRANSFER.
new text end

new text begin Notwithstanding Minnesota Statutes, section 123B.79 or
123B.80, for calendar years 2005 through 2007, on June 30 of
each year, Independent School District No. 836, Butterfield, may
permanently transfer up to $50,000 from its reserved operating
capital account in its general fund to its undesignated general
fund balance and $60,000 from its reserved bus purchase account
in its general fund to its undesignated general fund balance.
The total amount transferred for the three-year period must not
total more than $50,000 from the reserved operating capital
account and $60,000 from the reserved bus purchase account.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day
following final enactment.
new text end