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Current as of January 01, 2023 | Updated by FindLaw Staff
The office may ask the commissioner of management and budget to lend general fund money to the grant account to ease cash flow difficulties. The 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 management and budget for loans to the office.
Cite this article: FindLaw.com - Minnesota Statutes Postsecondary Education (Ch. 135A-137) § 136A.1311. Cash flow - last updated January 01, 2023 | https://codes.findlaw.com/mn/postsecondary-education-ch-135a-137/mn-st-sect-136a-1311/
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