SF 871

as introduced - 91st Legislature (2019 - 2020) Posted on 02/07/2019 01:51pm

A bill for an act
relating to education finance; authorizing certain community service fund transfers.

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

Section 1. new text begin COMMUNITY SERVICE FUND; FUND TRANSFERS.
new text end

new text begin (a) On June 30, 2019, and June 30, 2020, upon approval of the commissioner of education
and notwithstanding Minnesota Statutes, section 123B.79, 123B.80, or 124D.20, subdivision
10, a school district may permanently transfer any amount approved by the commissioner
from its community education reserve fund balance to its undesignated general fund.
new text end

new text begin (b) To the extent practicable, when making the fund transfer under this section, each
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 (c) A school district requesting a fund transfer under this section must apply for the
transfer in the form and manner specified by the commissioner.
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