2007 Minnesota Statutes

123B.80 EXCEPTIONS FOR PERMANENT FUND TRANSFERS.
    Subdivision 1. Commissioner's authorization. The commissioner may authorize a board to
transfer money from any fund or account to another fund or account according to this section.
    Subd. 2. Application. A board requesting authority to transfer money must apply to the
commissioner and provide information requested. The application must indicate the law or rule
prohibiting the desired transfer. The application must be signed by the superintendent and
approved by the school board.
    Subd. 3. Approval standard. The commissioner may approve a request only when an event
has occurred in a district that could not have been foreseen by the district. The event must relate
directly to the fund or account involved and to the amount to be transferred.
History: 1Sp1985 c 12 art 7 s 8; 1987 c 143 s 1; 1993 c 224 art 13 s 7-9; 1998 c 397 art 6
s 27,28,124; 1Sp2001 c 6 art 5 s 1