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SF4344 (Legislative Session 94 (2025-2026))

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

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

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

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