SF 3064

1st Engrossment - 86th Legislature (2009 - 2010) Posted on 05/05/2010 09:13am

A bill for an act
relating to education finance; permitting fund transfers for certain school districts.

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

Section 1. new text begin FUND TRANSFERS.
new text end

new text begin Subdivision 1. new text end

new text begin Anoka-Hennepin. new text end

new text begin Notwithstanding Minnesota Statutes, sections
123B.79, 123B.80, and 475.61, subdivision 4, on June 30, 2010, Independent School
District No. 11, Anoka-Hennepin, may permanently transfer up to $400,000 from its debt
redemption fund to its undesignated general fund balance without making a levy reduction.
new text end

new text begin Subd. 2. new text end

new text begin Elk River. new text end

new text begin Notwithstanding Minnesota Statutes, sections 123B.79,
123B.80, and 475.61, subdivision 4, on June 30, 2010, Independent School District No.
728, Elk River, may permanently transfer up to $500,000 from its debt redemption fund to
its undesignated general fund balance without making a levy reduction.
new text end

new text begin Subd. 3. new text end

new text begin Hayfield. new text end

new text begin Notwithstanding Minnesota Statutes, section 123B.79 or
123B.80, on June 30, 2010, Independent School District No. 203, Hayfield, may
permanently transfer up to $75,000 from its reserved for operating capital account to its
undesignated general fund balance without making a levy reduction.
new text end

new text begin Subd. 4. new text end

new text begin Kenyon-Wanamingo. new text end

new text begin Notwithstanding Minnesota Statutes, sections
123B.79, 123B.80, and 475.61, subdivision 4, on June 30, 2010, Independent School
District No. 2172, Kenyon-Wanamingo, may permanently transfer up to $55,000 from
its debt redemption fund to its undesignated general fund balance without making a levy
reduction.
new text end

new text begin Subd. 5. new text end

new text begin Madelia. new text end

new text begin Notwithstanding Minnesota Statutes, sections 123B.79, 123B.80,
and 475.61, subdivision 4, on June 30, 2010, Independent School District No. 837,
Madelia, may permanently transfer up to $350,000 from its debt redemption fund to its
reserved for operating capital account without making a levy reduction.
new text end

new text begin Subd. 6. new text end

new text begin Rochester. new text end

new text begin Notwithstanding Minnesota Statutes, sections 123B.79,
123B.80, and 475.61, subdivision 4, on June 30, 2010, Independent School District No.
535, Rochester, may permanently transfer up to $400,000 from its debt redemption fund to
its undesignated general fund balance without making a levy reduction.
new text end

new text begin Subd. 7. new text end

new text begin St. Louis Park. new text end

new text begin Notwithstanding Minnesota Statutes, sections 123B.79,
123B.80, and 475.61, subdivision 4, on June 30, 2010, Independent School District
No. 283, St. Louis Park, may permanently transfer up to $225,000 from its reserved
for operating capital account to its undesignated general fund balance without making
a levy reduction. Any funds transferred under this subdivision must be used to pay for
the costs directly associated with closing the Cedar Manor Elementary School, including
moving and storage costs.
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