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Chapter 383B
Section 383B.911
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This is an historical version of this statute chapter. Also view the most recent published version.
383B.911 PUBLIC DEPOSITORY.
The corporation shall have jurisdiction over its accounts and payrolls and shall establish
and maintain a public depository. The corporation may use the county as a public depository. If
the depository is not the county, the depository must be subject to chapter 118A, except that the
corporation shall determine the appropriate security. The corporation shall establish and maintain
all necessary accounts. The corporation may establish reserve accounts, depreciation accounts,
and working capital funds in order to operate on an accrual basis.
History: 2005 c 125 art 1 s 11
NOTE: This section, as added by Laws 2005, chapter 125, article 1, section 11, is effective
the day after the Hennepin County Board files a certificate of local approval in compliance with
Minnesota Statutes, section 645.021, subdivision 3. Laws 2005, chapter 125, article 1, section 29,
as amended by Laws 2005, First Special Session chapter 7, section 34.
The corporation shall have jurisdiction over its accounts and payrolls and shall establish
and maintain a public depository. The corporation may use the county as a public depository. If
the depository is not the county, the depository must be subject to chapter 118A, except that the
corporation shall determine the appropriate security. The corporation shall establish and maintain
all necessary accounts. The corporation may establish reserve accounts, depreciation accounts,
and working capital funds in order to operate on an accrual basis.
History: 2005 c 125 art 1 s 11
NOTE: This section, as added by Laws 2005, chapter 125, article 1, section 11, is effective
the day after the Hennepin County Board files a certificate of local approval in compliance with
Minnesota Statutes, section 645.021, subdivision 3. Laws 2005, chapter 125, article 1, section 29,
as amended by Laws 2005, First Special Session chapter 7, section 34.
Official Publication of the State of Minnesota
Revisor of Statutes