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HF 2959

as introduced - 93rd Legislature (2023 - 2024) Posted on 03/16/2023 02:36pm

KEY: stricken = removed, old language.
underscored = added, new language.
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Engrossments
Introduction Posted on 03/16/2023

Current Version - as introduced

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A bill for an act
 relating to education finance; authorizing a fund transfer for Independent School
District No. 152, Moorhead Area Public Schools.

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

Section 1. new text begin FUND TRANSFER; MOORHEAD AREA PUBLIC SCHOOLS.
new text end

new text begin Notwithstanding Minnesota Statutes, section 123B.595, subdivisions 10 and 11, 123B.79,
or 123B.80, on June 30, 2023, Independent School District No. 152, Moorhead Area Public
Schools, may permanently transfer up to $5,000,000 from the long term facilities maintenance
reserve account in the general fund to the operating capital account in the general fund.
Transferred funds must be used to pay for increased costs of constructing, furnishing, and
equipping the new Moorhead High School facility due to the inflationary effects of the
COVID-19 pandemic.
 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