SF3410 (Legislative Session 94 (2025-2026))
Certain fund transfers for fiscal years 2025, 2026, and 2027 authorization provision and school board non-compliance with certain laws or rules authorization
AI Generated Summary
Purpose of the Bill
This bill is designed to provide financial flexibility to school districts, charter schools, and cooperative units in Minnesota for the fiscal years 2025, 2026, and 2027. It allows them to transfer funds between different accounts to better meet their operational needs.
Main Provisions
- Fund Transfers: Schools are permitted to transfer money between accounts that are not tied to staff salaries, benefits, or restricted by federal laws. This is intended to allow schools to reallocate resources where they are most needed without facing legal barriers during the specified fiscal years.
- No Increase in State Aid or Taxes: These transfers cannot result in additional state aid being required, nor can they lead to an increase in local property tax obligations.
- Resolution Requirement: Each school board must pass a written resolution that details the purpose and the specific amounts of the fund transfers. This resolution must be made public by being posted on the school district's website and must be reported electronically to the state's education commissioner.
Significant Changes to Existing Law
This bill temporarily overrides Minnesota Statutes, section 123B.80, subdivision 3, and any other laws that would otherwise restrict such transfers. The relaxation of restrictions is specifically for three fiscal years, allowing schools more control over their financial resources during this period.
Relevant Terms
- Fund transfer
- School district
- Charter school
- Cooperative unit
- State aid obligations
- Property tax authority
- Written resolution
- Fiscal year
- Minnesota Statutes section 123B.80
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| April 22, 2025 | Senate | Floor | Action | Introduction and first reading | |
| April 22, 2025 | Senate | Floor | Action | Referred to | Education Policy |
Citations
[
{
"analysis": {
"added": [
"School boards can transfer funds across operating accounts without adhering to usual restrictions."
],
"removed": [
""
],
"summary": "The bill allows for flexibility in fund transfers for educational institutions by overriding restrictions in section 123B.80, subdivision 3, for fiscal years 2025, 2026, and 2027.",
"modified": [
"Temporarily lifts limitations on fund transfers imposed by subdivision 3 for specified fiscal years."
]
},
"citation": "123B.80",
"subdivision": "subdivision 3"
}
]Progress through the legislative process
In Committee