as introduced - 91st Legislature (2019 - 2020) Posted on 02/25/2019 02:52pm
A bill for an act
relating to education finance; authorizing a fund transfer for independent school
district No. 270, Hopkins.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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(a) Notwithstanding Minnesota Statutes, section 123B.79, 123B.80, or 124D.20,
subdivision 10, on June 30, 2019, Independent School District No. 270, Hopkins, may
permanently transfer up to $500,000 from its community education reserve fund balance
to its reserved for operating capital account in the general fund.
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(b) The transfer funds must be used only to design, construct, furnish, and equip an early
childhood classroom addition.
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