Minneslate Logo

SF4344 (Legislative Session 94 (2025-2026))

Independent School District No. 403, Ivanhoe, fund transfer authorization provision

Related bill: HF4325

AI Generated Summary

Purpose

Authorize Independent School District No. 403 Ivanhoe to reallocate funds between its internal accounts to adjust its financial position.

Main Provisions

  • On June 30, 2026, Ivanhoe may permanently transfer up to $68,000.
  • Source of the transfer: the early childhood family education (ECFE) reserve balance within the district’s community service fund.
  • Destination of the transfer: the undesignated balance in the district’s general fund.
  • This transfer is allowed “notwithstanding” certain state laws, meaning it can occur even if those statutes would normally prevent it.

Notable Legal/Statutory Changes

  • The bill uses a Notwithstanding clause to override Minnesota Statutes sections 123B.79, 123B.80, and 142D.11 subdivision 1.9 for this transfer, indicating the transfer can proceed despite provisions in those statutes.

Effective Date and Scope

  • Effective date: June 30, 2026 (the transfer may occur on or after this date).
  • Scope: Applies specifically to Independent School District No. 403 Ivanhoe; limited to the transfer of up to $68,000.

Potential Implications

  • The transfer reduces the ECFE reserve within the community service fund and increases the general fund’s undesignated balance.
  • The action is permanent for the amount transferred.
  • The transfer is optional up to the $68,000 limit; the district may choose whether to execute it.

Practical Considerations

  • Stakeholders may want to consider how shifting funds from ECFE reserves to the general fund could affect early childhood education programming and general fund obligations.

Relevant Terms - Independent School District No. 403 Ivanhoe - Early Childhood Family Education (ECFE) reserve balance - Community Service Fund - Undesignated balance in the general fund - Permanent transfer - Notwithstanding - Minnesota Statutes 123B.79, 123B.80, 142D.11 subdivision 1.9 - June 30, 2026 - Transfer amount: up to $68,000

Bill text versions

Upcoming committee meetings

Actions

DateChamberWhereTypeNameCommittee Name
March 11, 2026SenateActionIntroduction and first reading
March 11, 2026SenateActionReferred toEducation Finance

Citations

 
[
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Notwithstanding Minnesota Statutes section 123B.79 in relation to a fund transfer for Independent School District No. 403 Ivanhoe.",
      "modified": []
    },
    "citation": "123B.79",
    "subdivision": ""
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Notwithstanding Minnesota Statutes section 123B.80 in relation to a fund transfer for Independent School District No. 403 Ivanhoe.",
      "modified": []
    },
    "citation": "123B.80",
    "subdivision": ""
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Notwithstanding Minnesota Statutes section 142D.11, subdivision 1.9, in relation to a fund transfer for Independent School District No. 403 Ivanhoe.",
      "modified": []
    },
    "citation": "142D.11",
    "subdivision": "subdivision 1.9"
  }
]

Progress through the legislative process

17%
In Committee

Sponsors

Loading…