1.1 	A bill for an act
1.2 	relating to education; authorizing a fund transfer for
1.3 	Independent School District No. 418, Russell.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. FUND TRANSFER; RUSSELL.
 1.6 	Notwithstanding Minnesota Statutes, section 123B.79 or
1.7 	123B.80, on June 30, 2005, Independent School District No. 418,
1.8 	Russell, may transfer up to $50,000 from its reserved capital
1.9 	accounts in its general fund to its undesignated fund balance.

1.10 	EFFECTIVE DATE. This section is effective the day
1.11 	following final enactment.