1.1 	A bill for an act
1.2 	relating to education finance; authorizing a fund transfer for Independent School 
1.3 	District No. 706, Virginia.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. FUND TRANSFER; VIRGINIA.
 1.6 	Notwithstanding Minnesota Statutes, sections 123B.79, 123B.80, and 475.61, 
1.7 	subdivision 4, on June 30, 2008, Independent School District No. 706, Virginia, may 
1.8 	permanently transfer up to $100,000 from its debt redemption fund to its general fund for 
1.9 	repairs concerning safety issues without making a levy reduction.

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