1.1 	A bill for an act
1.2 	relating to education; authorizing a fund transfer for
1.3 	Independent School District No. 742, St. Cloud.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. ST. CLOUD; FUND TRANSFER.
 1.6 	Notwithstanding Minnesota Statutes, sections 123B.79,
1.7 	123B.80, and 475.61, subdivision 4, Independent School District
1.8 	No. 742, St. Cloud, on June 30, 2005, may permanently transfer
1.9 	up to $800,000 from its debt redemption fund to the reserved
1.10 	operating capital account in its general fund without making a
1.11 	levy reduction.

1.12 	EFFECTIVE DATE. This section is effective the day
1.13 	following final enactment.