MN SF5240

School districts, charter schools, and cooperative units may transfer unencumbered operating funds between any operating accounts or funds for fiscal years 2025, 2026, and 2027 only, excluding funds already assigned to staff salaries, benefits, or restricted by federal law.

Fund transfers cannot increase state aid obligations or result in additional property tax authority for the district.

School boards must adopt a written resolution specifying the purpose and amount of each transfer, post it on their website, and notify the commissioner electronically.

School districts and charter schools may adopt a resolution to not comply with state laws or rules enacted, adopted, or amended after February 12, 2024, or under Laws 2023, chapters 54 or 55, for school years 2024-2025, 2025-2026, and 2026-2027 only.

School boards electing non-compliance must post a record of each decision on their website and transmit electronic notice to the commissioner.