S.F. No. 2802 Summary

• Extends capital account transfers for school districts through June 30, 2011, allowing transfers from operating capital reserves to general fund up to $51 times adjusted marginal cost pupil units with board approval.

• Temporarily suspends learning and development revenue restrictions for fiscal year 2011 only, allowing districts and charter schools to use reserves according to general education revenue requirements.

• Temporarily suspends compensatory education revenue restrictions for fiscal year 2011 only, allowing districts and charter schools to use reserves according to general education revenue requirements.

• Repeals Minnesota Statutes section 123B.05, which imposed January 15 contract deadline requirements and state aid penalties ($25 per pupil unit) for teacher collective bargaining agreements.

• Repeals Minnesota Statutes section 120A.40, which required school years to begin on or after Labor Day except for specified construction projects or district agreements.