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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

The bill is intended to give Minnesota school districts, charter schools, and cooperative units more flexibility in how they manage their funds for the fiscal years 2025, 2026, and 2027. It allows them to move money between accounts to better meet their operational needs without increasing state aid or property taxes.

Main Provisions

  • Fund Transfers: For the specified fiscal years, schools can transfer funds between different operating accounts or funds.
  • Limitations: The transfers are only allowed for funds that are not already designated for staff salaries, benefits, or restricted by federal law.
  • No Increase in State Aid or Tax Authority: These transfers cannot result in an increase in state aid obligations or grant additional authority to raise property taxes for the districts.

Accountability Measures

  • Resolution Requirement: School boards must pass a written resolution that outlines the purpose and specific amount for each transfer.
  • Transparency: The resolutions must be posted on the school district's website.
  • Communication: School boards must send an electronic notification to the commissioner for each approved transfer.

Relevant Terms

  • Fund transfers
  • School district flexibility
  • Operating accounts
  • Fiscal management
  • State aid obligations
  • Property tax authority
  • School board resolutions

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
April 21, 2025SenateFloorActionIntroduction and first reading
April 21, 2025SenateFloorActionIntroduction and first reading
April 21, 2025SenateFloorActionReferred toEducation Policy

Citations

 
[
  {
    "analysis": {
      "added": [
        "Allows certain fund transfers by school districts for fiscal years 2025, 2026, and 2027."
      ],
      "removed": [
        "Requirement to comply with subdivision 3 for the specified fiscal years."
      ],
      "summary": "The bill refers to existing Minnesota Statutes section 123B.80, subdivision 3, regarding fund transfers for education.",
      "modified": [
        "Such transfers must not increase state aid or property tax obligations."
      ]
    },
    "citation": "123B.80",
    "subdivision": "subdivision 3"
  }
]

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