1998 Minnesota Statutes

     126C.67 School loans. 

    Subdivision 1.    Consideration by commissioner.  The 
 commissioner shall receive and consider applications for and 
 grant or deny loans under sections 126C.61 to 126C.72. 

    Subd. 2.    Application forms; rules.  The commissioner, 
 with the assistance of the attorney general or a designated 
 assistant, shall prepare forms of applications for debt service 
 loans and capital loans and instruments evidencing the loans.  
 The state board must promulgate rules to facilitate the 
 commissioner's operations in compliance with sections 126C.61 to 
 126C.72.  The rules are subject to chapter 14. 

    Subd. 3.    Clerk.  The commissioner may employ a clerk 
 to administer the Maximum Effort School Aid Law.  The 
 commissioner may fix the clerk's compensation, which must be 
 paid out of the loan repayment account of the fund. 

    HIST: Ex1959 c 27 s 6; 1961 c 562 s 6; 1969 c 6 s 22; 1973 c 
 582 s 3; 1975 c 61 s 9; 1975 c 162 s 30; 1976 c 2 s 60; 1978 c 
 706 s 34; 1981 c 358 art 9 s 4; 1982 c 424 s 130; 1982 c 560 s 
 44; 1986 c 444; 1994 c 465 art 2 s 1; 1995 c 233 art 2 s 56; 
 1997 c 187 art 5 s 16; 1998 c 397 art 7 s 51,52,164; art 11 s 3