Minnesota Statutes Education Code: Prekindergarten-Grade 12 (Ch. 120-129C) § 124E.26. Use of state money

Subdivision 1. Purchasing buildings. A charter school may not use state money to purchase land or buildings. The charter school may own land and buildings if obtained through nonstate sources.

Subd. 2. Procurement policy required. Prior to the expenditure of any state funds, a charter school must adopt a procurement policy consistent with subdivision 4.

Subd. 3. All purchases. All purchases using state funds must be made consistent with the procurement policy adopted under subdivision 2.

Subd. 4. Required policy components. A charter school procurement policy must at a minimum include:

Subd. 5. Reduction in aid. If a charter school makes a purchase without a procurement policy adopted by the school's board or makes a purchase not in conformity with the school's procurement policy, the commissioner may reduce that charter school's state aid in an amount equal to the purchase.

Subd. 6. Property, financial investments, and contracting. A charter school is subject to and must comply withsections 15.054and118A.01to118A.06governing government property and financial investments andsections 471.38,471.391,471.392, and471.425governing municipal contracting.