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136A.1311 CASH FLOW.

The Minnesota Office of Higher Education may ask the commissioner of finance to lend general fund money to the grant account to ease cash flow difficulties. The Minnesota Office of Higher Education must first certify to the commissioner that there will be adequate refunds to the account to repay the loan. The commissioner shall use the refunds to make repayment to the general fund of the full amount loaned. Money necessary to meet cash flow difficulties in the state grant program is appropriated to the commissioner of finance for loans to the Minnesota Office of Higher Education.

Official Publication of the State of Minnesota
Revisor of Statutes