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HF 3470

Independent School District No. 197, West St. Paul-Mendota Heights-Eagan fund transfer authorized.

2025-2026 Regular Session Introduced by Mary Clardy and 2 co-sponsors

ISD 197 is authorized to transfer funds between its accounts to reallocate resources for district priorities, with state and board oversight and reporting requirements.

Author added Clardy
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Bill Summary · HF 3470

Bill Summary: HF 3470 ( Minnesota, 2025-2026 )

Title

Independent School District No. 197, West St. Paul–Mendota Heights–Eagan fund transfer authorized

Purpose and Intent

HF 3470 authorizes a specific fund transfer for Independent School District (ISD) No. 197, known as West St. Paul–Mendota Heights–Eagan. The bill is intended to authorize the district to move or reallocate funds in a designated manner, enabling financial flexibility to address district priorities, capital needs, or ongoing operating requirements. The exact statutory mechanism (e.g., transfer between funds or accounts) and the scope of the transfer are defined in the bill text.

Key Provisions and Provisions at a Glance

  • Authorization for a fund transfer by ISD No. 197.
  • The transfer would be subject to district and state oversight as prescribed in the bill (e.g., board approval, reporting, or compliance requirements).
  • Provisions likely specify eligible funds, transfer limits (dollar amount or percentage), timelines, and any conditions or covenants tied to the transfer.
  • Any required notices, approvals, or reporting to the state education department or governing authorities, including timelines for compliance, are included.

Note on Details

The bill text should be consulted for precise language regarding:
- Which funds are eligible to be transferred (e.g., general fund, capital projects fund, debt service fund, etc.).
- The exact cap or limit on the transfer (dollar amount or percentage of fund balances).
- Conditions or restrictions on the use of transferred funds after the move.
- Reporting requirements (frequency, recipients, and content).

Impact and Affected Parties

  • ISD No. 197 (West St. Paul–Mendota Heights–Eagan): Primary entity affected; gains authority to restructure its internal fund allocations to meet stated goals or needs.
  • Students and Families: Potential indirect impact through changes in budgeting that could affect programs, staffing levels, facilities projects, or long-term financial stability.
  • Taxpayers/Community Stakeholders: May benefit from enhanced financial management and transparency, assuming proper oversight and reporting requirements are met.
  • State Education Oversight: The Minnesota Department of Education or relevant state authorities may oversee compliance with state budgeting and fund transfer requirements.

Procedural and Timeline Aspects

  • Introduced and First Reading: HF 3470 was introduced and assigned to the Education Finance committee (as of February 19, 2026).
  • Author Addition: On March 16, 2026, Representative Clardy was added as an author.
  • Next Steps: The bill will progress through committee hearings, potential amendments, and votes in the House. If passed, it would move to the Senate (as part of the Minnesota legislative process) and then to the governor for signature or veto. Specific deadlines, fiscal notes, and committee schedules will guide the timeline.

Additional Considerations

  • The bill’s fiscal impact depends on the size and purpose of the transfer, as well as subsequent uses and reporting.
  • Stakeholders should review the bill’s exact statutory language for any limitations on fund use post-transfer and any required public disclosures.

If you’d like, I can pull the exact text of HF 3470 and provide a line-by-line breakdown of the transfer provisions, limits, and reporting requirements.

Compiled from official sources — confirm details with the bill’s official record.

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