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SF4038 (Legislative Session 94 (2025-2026))

Fund transfer authorization for Independence School District No. 197, West St. Paul-Mendota Heights-Eagan

Related bill: HF3470

AI Generated Summary

Purpose

  • Allow Independent School District No. 197 (West St. Paul–Mendota Heights–Eagan) to permanently transfer any balance from its building construction fund to the reserved account for operating capital in the general fund, with no required levy reduction, as of June 30, 2026.

Main Provisions

  • The bill applies to Independent School District No. 197 (West St. Paul–Mendota Heights–Eagan).
  • It lets the district transfer funds from the building construction fund to the reserved account for operating capital in the general fund.
  • The transfer would be permanent and would not require reducing the district’s levy.
  • The transfer is allowed notwithstanding certain state laws listed below.

Changes to Existing Law

  • Overrides or bypasses Minnesota Statutes sections 123B.79, 123B.80, and 475.61 subdivision 1.4 as of the date stated in the bill.

Effective Date / Conditions

  • Effective date is June 30, 2026.
  • The district may permanently transfer the balance from its building construction fund to the general fund’s reserved operating capital account on that date, without a levy reduction.

Potential Implications (summary)

  • Shifts funds from a capital construction fund to operating capital in the general fund.
  • Could impact future capital projects or construction funding for the district.
  • Eliminates the need to reduce the levy to offset the transfer.

Relevant Terms

  • fund transfer
  • building construction fund
  • reserved account for operating capital
  • general fund
  • levy reduction
  • Notwithstanding
  • Minnesota Statutes sections 123B.79, 123B.80
  • 475.61 subdivision 1.4
  • Independent School District No. 197 (West St. Paul–Mendota Heights–Eagan)
  • June 30, 2026

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
March 02, 2026SenateActionIntroduction and first reading
March 02, 2026SenateActionReferred toEducation Finance

Citations

 
[
  {
    "analysis": {
      "added": [
        "Relies on existing statute authority; does not create or amend statutory text."
      ],
      "removed": [],
      "summary": "The bill references Minnesota Statutes section 123B.79 as part of a Notwithstanding clause related to ISD 197's fund transfers; it does not itself modify the statute.",
      "modified": []
    },
    "citation": "123B.79",
    "subdivision": ""
  },
  {
    "analysis": {
      "added": [
        "Relies on existing statute authority; does not create or amend statutory text."
      ],
      "removed": [],
      "summary": "The bill references Minnesota Statutes section 123B.80 as part of the Notwithstanding clause for ISD 197's fund transfers; it does not modify the statute.",
      "modified": []
    },
    "citation": "123B.80",
    "subdivision": ""
  },
  {
    "analysis": {
      "added": [
        "Relies on existing statute authority; does not create or amend statutory text."
      ],
      "removed": [],
      "summary": "The bill references Minnesota Statutes, 475.61, subdivision 1, within a Notwithstanding clause to authorize ISD 197 to transfer funds as described.",
      "modified": []
    },
    "citation": "475.61",
    "subdivision": "subdivision 1"
  }
]

Progress through the legislative process

17%
In Committee

Sponsors

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