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Minnesota Legislature

Office of the Revisor of Statutes

SF 972

as introduced - 91st Legislature (2019 - 2020) Posted on 02/07/2019 03:00pm

KEY: stricken = removed, old language.
underscored = added, new language.
Line numbers 1.1 1.2 1.3 1.4
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1.11

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 beginFUND 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