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MN HF2604
Bill
Status
Introduced
2/29/2012
Primary Sponsor
Duane Quam
Click for details
AI Summary
- Amends Minnesota Statutes section 123B.79 to expand permissible fund transfers for school districts by removing restrictions on transfers between operating and nonoperating funds
- Prohibits permanent transfers of community education or food service funds and federal funds granted for particular purposes
- Prohibits permanent transfers that would increase state aid obligations or result in additional property tax authority for the district
- Maintains existing exceptions allowing transfers to correct prior fiscal year errors, transfers from general fund for special education or inadequate resources, and transfers to eliminate deficits when funds are discontinued
- Repeals Minnesota Statutes section 123B.79, subdivision 8
Legislative Description
Permissible fund transfer expanded.
Last Action
Introduction and first reading, referred to Education Finance
2/29/2012
Committee Referrals
Education Finance2/29/2012
Full Bill Text
No bill text available