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SF 1632

as introduced - 89th Legislature (2015 - 2016) Posted on 09/17/2015 02:32pm

KEY: stricken = removed, old language.
underscored = added, new language.
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A bill for an act
 relating to education finance; extending the authority for school districts to
transfer certain money among funds and accounts; amending Laws 2013, chapter
116, article 7, section 19.

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

Section 1.

Laws 2013, chapter 116, article 7, section 19, is amended to read:


Sec. 19. FUND TRANSFER; FISCAL deleted text begin YEARSdeleted text end new text begin YEARnew text end 2014 deleted text begin AND 2015deleted text end new text begin
THROUGH FISCAL YEAR 2017new text end ONLY.

(a) Notwithstanding Minnesota Statutes, section 123B.80, subdivision 3, for fiscal
deleted text begin yearsdeleted text end new text begin yearnew text end 2014 deleted text begin and 2015deleted text end new text begin through fiscal year 2017new text end only, the commissioner must approve
a request for a fund transfer if the transfer does not increase state aid obligations to the
district or result in additional property tax authority for the district. This section does not
permit transfers from the community service fund, the food service fund, or the reserved
account for staff development under section 122A.61.

(b) A school board may approve a fund transfer under paragraph (a) only after
adopting a resolution stating the fund transfer will not diminish instructional opportunities
for students.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
 new text end