1.1 	A bill for an act
1.2 	relating to education finance; permitting a onetime fund transfer for Independent 
1.3 	School District No. 88, New Ulm.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. FUND TRANSFER; NEW ULM.
 1.6 	Notwithstanding Minnesota Statutes, sections 123B.57, 123B.80, and 475.61, 
1.7 	subdivision 4, on June 29, 2012, Independent School District No. 88, New Ulm, may 
1.8 	permanently transfer up to $848,000 from its building construction fund to its reserved 
1.9 	for operating capital projects account without a corresponding levy adjustment in the 
1.10 	debt service fund.

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