2002 Minnesota Statutes

     135A.034 Budget priorities. 

    Subdivision 1.    Operating budget.  The governing 
 boards of the University of Minnesota, and the Minnesota state 
 colleges and universities shall each develop, for legislative 
 and executive branch acceptance, its highest budget priorities 
 in accordance with statewide objectives for higher education.  
 It is the intent of the legislature to appropriate at least 67 
 percent of the total cost of instruction after adjusting for 
 inflation and enrollment changes.  However, in the event of a 
 budget shortfall, or if funding of inflation is not possible, 
 available funding shall first be applied to the agreed upon 
 budget priorities. 

    Subd. 2.    Capital projects.  The board of regents of 
 the University of Minnesota and the board of trustees of the 
 Minnesota state colleges and universities are requested to 
 consider the following criteria in establishing priorities for 
 requests for bond funds for capital projects: 

    (1) maintenance and preservation of existing facilities; 

    (2) completion of projects that have received funding; 

    (3) updating facilities to meet contemporary needs; 

    (4) providing geographic distribution of capital projects; 
 and 

    (5) maximizing the use of nonstate contributions. 

    HIST: 1994 c 532 art 3 s 5; 2000 c 492 art 1 s 50