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MN SF2189
Bill
Status
3/1/2012
Primary Sponsor
Carla Nelson
Click for details
AI Summary
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Expands permissible permanent fund transfers for school districts by removing restrictions on transfers between operating funds and nonoperating funds.
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Maintains prohibitions on permanently transferring community education or food service funds and federal funds designated for particular purposes.
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Prevents districts from making permanent transfers that would increase state aid obligations or create additional property tax authority.
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Allows permanent transfers from any fund to any other fund to correct prior fiscal year errors discovered after books are closed.
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Repeals Minnesota Statutes 2010, section 123B.79, subdivision 8.
Legislative Description
School districts permissible fund transfers expansion
Last Action
Referred to Education
3/1/2012