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HF 4527

as introduced - 90th Legislature (2017 - 2018) Posted on 05/18/2018 06:00pm

KEY: stricken = removed, old language.
underscored = added, new language.
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A bill for an act
relating to education finance; authorizing a fund transfer for the Minneapolis school
district.

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

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

new text begin (a) Notwithstanding Minnesota Statutes, section 123B.79, 123B.80, or 124D.20,
subdivision 10, on June 30, 2018, Special School District No. 1, Minneapolis, may
permanently transfer up to $2,000,000 from its community education reserve fund balance
to its undesignated general fund.
new text end

new text begin (b) The transferred funds must be used only for school support services, including mental
health services.
new text end

new text begin (c) To the extent practicable, when making the fund transfer under this section, the
Minneapolis school district must abide by its board's fund balance policy, unless the funds
are transferred for an eligible use under Minnesota Statutes, section 124D.18.
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