1.1 	A bill for an act
1.2 	relating to education finance; allowing Independent
1.3 	School District No. 51, Foley, to make a fund transfer.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. FUND TRANSFER, FOLEY.
 1.6 	Notwithstanding Minnesota Statutes, section 123B.79 or
1.7 	123B.80, on June 30, 2005, Independent School District No. 51,
1.8 	Foley, may permanently transfer up to $190,000 from its reserved
1.9 	operating capital account in its general fund to the
1.10 	undesignated general fund balance.

1.11 	EFFECTIVE DATE. This section is effective the day
1.12 	following final enactment.