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Chapter 129D
Section 129D.155
Topics
Recent History
- 2013 129D.155 Amended 2013 c 142 art 3 s 30
- 2009 129D.155 Amended 2009 c 78 art 9 s 7
This is an historical version of this statute chapter. Also view the most recent published version.
129D.155 REPAYMENT OF FUNDS.
State funds distributed to public television or noncommercial radio stations and used to purchase equipment assets must be repaid to the state, without interest, if the assets purchased with these funds are sold within five years or otherwise converted to a person other than a nonprofit or municipal corporation. The amount due to the state shall be the net amount realized from the sale of the assets, but shall not exceed the amount of state funds advanced for the purchase of the asset.
History:
Official Publication of the State of Minnesota
Revisor of Statutes