HF 920

as introduced - 91st Legislature (2019 - 2020) Posted on 02/11/2019 02:21pm

A bill for an act
relating to education finance; authorizing a fund transfer for Independent School
District No. 276, Minnetonka.

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

Section 1. new text begin FUND TRANSFER; MINNETONKA SCHOOL DISTRICT.
new text end

new text begin Notwithstanding Minnesota Statutes, section 123B.79, 123B.80, or 124D.20, subdivision
10, on June 30, 2019, Independent School District No. 276, Minnetonka, may permanently
transfer up to $2,400,000 from its community education reserve fund balance to its reserved
for operating capital account in the general fund. The transferred funds must be used only
to design, construct, furnish, and equip an early childhood classroom addition.
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