1.1 	A bill for an act
1.2 	relating to education finance; authorizing a onetime fund transfer in certain 
1.3 	school districts.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. FUND TRANSFERS.
 1.6 		Subdivision 1.Delano. Notwithstanding Minnesota Statutes, sections 123B.57, 
1.7 	123B.80, and 475.61, subdivision 4, on June 30, 2012, Independent School District No. 
1.8 	879, Delano, may permanently transfer up to $235,000 from its debt redemption fund to 
1.9 	its reserved for operating capital account without making a levy reduction.
1.10 		Subd. 2.Monticello. Notwithstanding Minnesota Statutes, sections 123B.57, 
1.11 	123B.80, and 475.61, subdivision 4, on June 30, 2012, Independent School District No. 
1.12 	882, Monticello, may permanently transfer up to $500,000 from its debt redemption fund 
1.13 	to its reserved for operating capital account without making a levy reduction.
1.14 		Subd. 3.Rockford. Notwithstanding Minnesota Statutes, sections 123B.79, 
1.15 	123B.80, and 475.61, subdivision 4, on June 30, 2012, Independent School District No. 
1.16 	883, Rockford, may permanently transfer up to $550,000 from its debt redemption fund to 
1.17 	its reserved for capital account without making a levy reduction.