HF 291

as introduced - 79th Legislature (1995 - 1996) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to agriculture; exempting a program from 
  1.3             recovery of statewide and agency indirect costs; 
  1.4             amending Minnesota Statutes 1994, section 16A.127, 
  1.5             subdivision 8. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  Minnesota Statutes 1994, section 16A.127, 
  1.8   subdivision 8, is amended to read: 
  1.9      Subd. 8.  [EXEMPTIONS.] (a) No statewide or agency indirect 
  1.10  cost liability shall be accrued to any program, appropriation, 
  1.11  or account that is specifically exempted from the liability in 
  1.12  federal or state law, or if the commissioner determines the 
  1.13  funds to be held in trust, or to be a pass-through, workshop, or 
  1.14  seminar account.  Accounts receiving proceeds from bond issues, 
  1.15  and those accounts whose funds are determined by the 
  1.16  commissioner to originate from the general fund, are also exempt 
  1.17  from this section. 
  1.18     (b) Except for the costs of the legislative auditor to 
  1.19  conduct financial audits of federal funds, this section does not 
  1.20  apply to the community college board, state university board, or 
  1.21  the state board of technical colleges.  Receipts attributable to 
  1.22  financial audits conducted by the legislative auditor of federal 
  1.23  funds administered by these post-secondary education boards 
  1.24  shall be deposited in the general fund. 
  1.25     (c) The shared savings loan program authorized in section 
  2.1   17.115 is exempt from recovering statewide and agency indirect 
  2.2   costs.