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136A.171 REVENUE BONDS; ISSUANCE; PROCEEDS.
The Minnesota Office of Higher Education may issue revenue bonds to obtain funds for
loans made in accordance with the provisions of this chapter. The aggregate amount of revenue
bonds, issued directly by the office, outstanding at any one time, not including refunded bonds
or otherwise defeased or discharged bonds, shall not exceed $850,000,000. Proceeds from the
issuance of bonds may be held and invested by the office pending disbursement in the form of
loans. All interest and profits from the investments shall inure to the benefit of the office and shall
be available to the office for the same purposes as the proceeds from the sale of revenue bonds
including, but not limited to, costs incurred in administering loans under this chapter and loan
reserve funds.
History: 1973 c 605 s 12; 1975 c 271 s 6; 1975 c 390 s 6; 1977 c 384 s 15; 1979 c 238 s 6;
1980 c 537 s 1; 1981 c 300 s 9; 1995 c 212 art 3 s 59; 1997 c 183 art 3 s 16; 2003 c 133 art 3
s 3; 2005 c 107 art 2 s 60

Official Publication of the State of Minnesota
Revisor of Statutes