1.1 	A bill for an act
1.2 	relating to education; authorizing a fund transfer for
1.3 	Independent School District No. 381, Lake Superior.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. LAKE SUPERIOR; FUND TRANSFER.
 1.6 	Notwithstanding Minnesota Statutes, sections 123B.79,
1.7 	123B.80, and 475.61, subdivision 4, Independent School District
1.8 	No. 381, Lake Superior, on June 30, 2005, may permanently
1.9 	transfer up to $940,000 from its debt redemption fund to the
1.10 	undesignated balance of its general fund without making a levy
1.11 	reduction.

1.12 	EFFECTIVE DATE. This section is effective the day
1.13 	following final enactment.