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 a provision that permits this transfer notwithstanding existing Minnesota Statutes, specifically sections 123B.79, 123B.80, and 475.61, subdivision 4, which typically govern such financial transactions. This means that the district can execute the transfer without the requirement of making a levy reduction, providing it with greater financial flexibility.