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SF1489 (Legislative Session 94 (2025-2026))

Certain fund transfers authorization for fiscal years 2025, 2026, and 2027

Related bill: HF2239

AI Generated Summary

Senate File No. 1489 is a legislative bill that proposes allowing school districts, charter schools, and cooperative units in Minnesota to transfer funds between operating accounts for fiscal years 2025, 2026, and 2027. These transfers can only be made with funds that are not already allocated for staff salaries and benefits or restricted by federal law. The bill stipulates that such fund transfers must not lead to an increase in state aid or property taxes. Each transfer must be formally documented by the school board through a written resolution, which will be posted on the school board's website and sent to the commissioner. This flexibility aims to help schools manage their finances more efficiently during the specified years.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
February 16, 2025SenateFloorActionIntroduction and first reading
February 16, 2025SenateFloorActionReferred toEducation Policy

Citations

 
[
  {
    "analysis": {
      "added": [
        "Allows fund transfers not encumbered by staff salaries, benefits, or federal law for fiscal years 2025-2027."
      ],
      "removed": [],
      "summary": "This bill authorizes fund transfers for school districts, charter schools, and cooperative units despite the restrictions in section 123B.80.",
      "modified": [
        "Overrides existing statutory restrictions for specified fiscal years."
      ]
    },
    "citation": "123B.80"
  }
]

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