This bill authorizes a fund transfer for Independent School District No. 197, which serves the West St. Paul-Mendota Heights-Eagan area. Specifically, it allows the district to permanently transfer any remaining balance from its building construction fund to the reserved account for operating capital in the general fund on June 30, 2026.
The bill includes provisions that override existing Minnesota Statutes, specifically sections 123B.79, 123B.80, and 475.61, subdivision 4, thereby permitting this transfer without requiring a reduction in levies. This legislative change aims to provide the school district with greater financial flexibility to support its operational needs.