1.1 	A bill for an act
1.2 	relating to education finance; allowing districts in statutory operating debt to 
1.3 	make a fund transfer from its debt redemption fund;proposing coding for new 
1.4 	law in Minnesota Statutes, chapter 123B.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. [123B.795] STATUTORY OPERATING DEBT FUND TRANSFERS.
1.7 	Notwithstanding sections 123B.79, 123B.80, and 475.61, subdivision 4, by August 
1.8 	31 of each year, a school district in statutory operating debt under section 123B.81 may 
1.9 	make a permanent transfer of all or part of its certified excess debt redemption fund balance 
1.10 	without a levy reduction to assist the district in decreasing its statutory operating debt.