16B.485 INTERFUND LOANS.
The commissioner may, with the approval of the commissioner of finance, make loans from
an internal service or enterprise fund to another internal service or enterprise fund, and the amount
necessary is appropriated from the fund that makes the loan. The commissioner shall report the
amount and purpose of the loan to the chair of the committee or division in the senate and house
of representatives with primary jurisdiction over the budget of the Department of Administration.
The term of a loan made under this section must be not more than 24 months.
History: 1995 c 254 art 1 s 59; 2000 c 488 art 12 s 16