1.1 	A bill for an act
1.2 	relating to education finance; authorizing an account transfer for Independent 
1.3 	School District No. 2580, East Central.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. RESERVED FOR OPERATING CAPITAL ACCOUNT TRANSFER; 
1.6 	EAST CENTRAL SCHOOL DISTRICT.
 1.7 	Notwithstanding Minnesota Statutes, section 123B.79 or 123B.80, on June 30, 2008, 
1.8 	Independent School District No. 2580, East Central, may transfer up to $300,000 from its 
1.9 	reserved for operating capital account to its undesignated general fund balance.

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