1997 Minnesota Statutes

     124.41 School loans. 

    Subdivision 1.    Consideration by commissioner.  The 
 commissioner shall receive and consider applications for and 
 grant or deny loans under sections 124.36 to 124.46. 

    Subd. 2.    Application forms; rules.  The commissioner, 
 with the assistance of the attorney general or a designated 
 assistant, shall prepare forms of applications for debt service 
 loans and capital loans and instruments evidencing the loans.  
 The state board shall promulgate rules to facilitate the 
 commissioner's operations in compliance with sections 124.36 to 
 124.46.  The rules shall be subject to chapter 14. 

    Subd. 3.    Clerk.  The commissioner may employ a clerk 
 to administer the maximum effort school aid law.  The 
 commissioner may fix the clerk's compensation, which shall be 
 paid out of the loan repayment account of the fund. 

    HIST: Ex1959 c 27 s 6; 1961 c 562 s 6; 1969 c 6 s 22; 1973 c 
 582 s 3; 1975 c 61 s 9; 1975 c 162 s 30; 1976 c 2 s 60; 1978 c 
 706 s 34; 1981 c 358 art 9 s 4; 1982 c 424 s 130; 1982 c 560 s 
 44; 1986 c 444; 1994 c 465 art 2 s 1; 1995 c 233 art 2 s 56; 
 1997 c 187 art 5 s 16