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Senate approves bill letting dissolving school districts transfer up to $500,000 to local governments
Summary
The North Dakota Senate passed Senate Bill 21-58 on final passage, 38 ayes to 9 nays, approving a statutory change to allow a dissolving school district to transfer up to $500,000 of unobligated cash balance to a political subdivision located partly or wholly within the dissolving district.
The North Dakota Senate passed Senate Bill 21-58 on final passage, 38 ayes to 9 nays, approving a statutory change to allow a dissolving school district to transfer up to $500,000 of unobligated cash balance to a political subdivision located partly or wholly within the dissolving district.
The bill, carried to the floor by Senator Weber, was introduced as a technical fix to resolve a conflict that prevented a previously approved dissolution plan from proceeding. The measure amends subsection 1 of section 15.1-12-29 of the North Dakota Century Code to permit a specified transfer of unobligated funds following a district dissolution.
The bill’s sponsor, Senator Weber,…
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