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HF4325 (Legislative Session 94 (2025-2026))

Independent School District No. 403, Ivanhoe; fund transfer authorized.

Related bill: SF4344

AI Generated Summary

Purpose

Explain and authorize a specific fund move for Ivanhoe Public Schools (Independent School District No. 403). The bill would allow the district to permanently transfer up to $68,000 from its Early Childhood Family Education reserve within the Community Service Fund to the undesignated balance in its General Fund, effective on or by June 30, 2026. This transfer would occur “notwithstanding” certain state statutes, meaning the usual limits in those statutes would not apply to this transfer for this district.

Main Provisions

  • Transfer amount: Up to $68,000.
  • Source: Early Childhood Family Education reserve balance in the Community Service Fund.
  • Destination: Undesignated balance in the General Fund.
  • Timing: The transfer may occur on June 30, 2026 (and would be permanent).
  • Legal override: The transfer is allowed notwithstanding Minnesota Statutes sections 123B.79, 123B.80, or 142D.11 subdivision 1.9.

Significance and Effect

  • This is a district-specific action that moves funds from a district-restricted reserve to the general (undesignated) fund within the district’s accounts.
  • The change is described as permanent, meaning the funds would not be earmarked for the ECFE reserve or the Community Service Fund after the transfer.
  • The statute explicitly limits the action to Ivanhoe Public Schools and bypasses certain statutory restrictions for this transfer.

Relationship to Existing Law

  • The bill creates a targeted exception for this district by allowing a transfer that would normally be restricted by the cited state statutes (123B.79, 123B.80, and 142D.11, subdivision 1.9).
  • It does not broadly change statewide funding rules; it authorizes a one-time, district-specific adjustment.

Potential Considerations

  • The transfer reclassifies funds within the district’s internal accounts, which could affect future budgeting for early childhood education, community services, or general operating needs.
  • Since the transfer is permanent and district-specific, other districts are not directly impacted.

Relevant Terms - fund transfer - Independent School District No. 403 Ivanhoe - Early Childhood Family Education (ECFE) reserve - Community Service Fund - undesignated balance - General Fund - permanently transfer - notwithstanding - Minnesota Statutes 123B.79, 123B.80, 142D.11 subdivision 1.9 - June 30, 2026

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
March 16, 2026HouseActionIntroduction and first reading, referred toEducation Finance

Citations

 
[
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Notwithstanding Minnesota Statutes section 123B.79 referenced in the bill.",
      "modified": []
    },
    "citation": "123B.79",
    "subdivision": ""
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Notwithstanding Minnesota Statutes section 123B.80 referenced in the bill.",
      "modified": []
    },
    "citation": "123B.80",
    "subdivision": ""
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Notwithstanding Minnesota Statutes section 142D.11, subdivision 1.9 referenced in the bill.",
      "modified": []
    },
    "citation": "142D.11",
    "subdivision": "1.9"
  }
]

Progress through the legislative process

17%
In Committee

Sponsors

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