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136A.1311 Cash flow.

The higher education services office may ask the commissioner of finance to lend general fund money to the grant account to ease cash flow difficulties. The higher education services office 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 higher education services office.

HIST: 1991 c 356 art 8 s 14; 1995 c 212 art 3 s 59

Official Publication of the State of Minnesota
Revisor of Statutes