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MN HF4532
Bill
Status
Introduced
5/18/2018
Primary Sponsor
Jim Davnie
Click for details
AI Summary
- School districts may permanently transfer any commissioner-approved amount from their community education reserve fund balance to their undesignated general fund on June 30, 2018, and June 30, 2019
- Transfers require approval from the commissioner of education and are exempt from Minnesota Statutes sections 123B.79, 123B.80, and 124D.20, subdivision 10
- School districts must abide by their board's fund balance policy when making transfers, unless the funds are used for eligible purposes under Minnesota Statutes section 124D.18
- School districts requesting a fund transfer must apply in the form and manner specified by the commissioner of education
- The bill is effective the day following final enactment
Legislative Description
Community service fund transfers authorized.
Last Action
Introduction and first reading, referred to Education Finance
5/18/2018
Committee Referrals
Education Finance5/18/2018
Full Bill Text
No bill text available