This bill authorizes specific school districts in Minnesota to make permanent fund transfers from their construction funds to their general funds without the requirement of a levy reduction, provided that the respective school boards approve the transfers. The bill outlines provisions for five school districts: Bloomington, Brainerd, Ivanhoe, West St. Paul-Mendota Heights-Eagan, and Maple Lake Public Schools. Each district is allowed to transfer a specified amount from their construction or early childhood education reserve funds to their general fund on June 30, 2026.

The bill includes new legal language that specifies the amounts and conditions for these transfers, including the stipulation that the transfers must be approved by the school boards. For instance, Bloomington can transfer any balance from its building construction fund, while Brainerd can transfer up to $1,000,000, Ivanhoe can transfer up to $68,000, West St. Paul-Mendota Heights-Eagan can transfer up to $4,500,000, and Maple Lake can transfer up to $1,800,000. The effective date of this section is the day following its final enactment.