2005 Minnesota Statutes

     136F.71 Receipts. 

    Subdivision 1.    Appropriation of receipts.  All 
 receipts of every kind, nature, and description, including 
 student tuition and fees, all federal receipts, aids, 
 contributions, and reimbursements, but not including receipts 
 attributable to state colleges and universities activity funds, 
 in all the state colleges and universities are appropriated to 
 the board, but are subject to budgetary control to be exercised 
 by the commissioner of finance.  The balance in these funds 
 shall not cancel on June 30, but shall be available in the next 
 fiscal year. 

    Subd. 2.    Activity funds.  All receipts attributable 
 to the state colleges and universities activity funds and 
 deposited in the state treasury are appropriated to the board 
 and are not subject to budgetary control as exercised by the 
 commissioner of finance.  

    Subd. 3.    Interest income.  Beginning July 1, 1997, 
 interest income attributable to general fund dedicated receipts 
 of the board is appropriated to the board.  The board shall 
 allocate the income proportionately among the colleges and 
 universities.  The board shall report this income separately in 
 its biennial budget requests. 

    HIST: 1995 c 212 art 4 s 48; 1996 c 398 s 51