1.1                          A bill for an act 
  1.2             relating to education finance; authorizing a fund 
  1.3             transfer for independent school district No. 418, 
  1.4             Russell. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [FUND TRANSFER; RUSSELL.] 
  1.7      Notwithstanding Minnesota Statutes, section 123B.79 or 
  1.8   123B.80, on June 30, 2001, independent school district No. 418, 
  1.9   Russell, may permanently transfer up to $160,000 from its 
  1.10  reserved capital accounts in its general fund to the 
  1.11  undesignated fund balance.  
  1.12     <b>[EFFECTIVE DATE.]</b> This section is effective the day 
  1.13  following final enactment.