2007 Minnesota Statutes
- Search Minnesota Statutes
- About Minnesota Statutes
- 2007 Statutes New, Amended or Repealed
- 2007 Table of Chapters
- 2007 Statutes Topics (Index)
Chapter 136A
Section 136A.171
Recent History
- 2014 136A.171 Amended 2014 c 149 s 28
- 2003 136A.171 Amended 2003 c 133 art 3 s 3
- 1997 136A.171 Amended 1997 c 183 art 3 s 16
This is an historical version of this statute chapter. Also view the most recent published version.
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
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