1997 Minnesota Statutes

     16A.126 Revolving fund billing. 

    Subdivision 1.    Set rates.  The commissioner shall 
 approve the rates an agency must pay to a revolving fund for 
 services.  

    Subd. 2.    Immediate needs.  To reduce reserves for 
 unforeseen needs, and so reduce these rates, the commissioner 
 may transfer money from the general fund to a revolving fund.  
 Before doing so, the commissioner must decide there is not 
 enough money in the revolving fund for an immediate, necessary 
 expenditure.  The amount necessary to make the transfer is 
 appropriated from the general fund to the commissioner of 
 finance. 

    Subd. 3.    Repayment schedules.  The commissioner shall 
 make schedules for repayment to the general fund of the 
 transferred money.  A schedule to repay money used to buy 
 equipment may extend over the equipment's useful life. 
 Otherwise, a schedule may not extend beyond five years. 

    HIST: 1976 c 231 s 5; 1977 c 410 s 5; 1979 c 333 s 72; 1980 c 
 614 s 55; 1984 c 628 art 2 s 1; 1987 c 275 s 3