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 management and budget. 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 are appropriated to the board and are not subject to budgetary control as exercised by the commissioner of management and budget.
Subd. 3. Interest income. 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.
Subd. 4. Banking services. Notwithstanding section 16A.27, the board shall have authority to control the amount and manner of deposit of all receipts described in this section in depositories selected by the board. The board's authority shall include specifying the considerations, financial activities, and conditions required from the depository, including the requirement of collateral security or a corporate surety bond as described in section 118A.03. The board may compensate the depository, including paying a reasonable charge to the depository, maintaining appropriate compensating balances with the depository, or purchasing non-interest-bearing certificates of deposit from the depository for performing depository-related services.
Subd. 5. Continued operation. Notwithstanding any other law to the contrary, to the extent that the board has receipts under this section sufficient to continue operations, the commissioner of management and budget shall provide the board with statewide systems services under section 16A.1286 and access to its funds as deemed necessary by the board to continue its operations. The board shall pay for the services received in accordance with section 16A.1286, including any administrative services necessary for the commissioner of management and budget to provide the statewide systems services. In addition, the board shall pay for treasury operations services provided by the commissioner of management and budget. Payments received by the commissioner of management and budget under this subdivision are appropriated to the Department of Management and Budget for the purposes of providing those services. The commissioner of management and budget may transfer payments received under this subdivision to the chief information officer and the commissioner of administration, if necessary.
1995 c 212 art 4 s 48; 1996 c 398 s 51; 2007 c 144 art 2 s 41,42; 2009 c 101 art 2 s 109; 2012 c 270 s 6,7
Structure Minnesota Statutes
Chapters 135A - 137 — Postsecondary Education
Chapter 136F — Minnesota State Colleges And Universities
Section 136F.01 — Definitions.
Section 136F.02 — Board Of Trustees.
Section 136F.03 — Candidate Advisory Council.
Section 136F.04 — Student Board Member Selection.
Section 136F.045 — Labor Organization Board Member Selection Process.
Section 136F.06 — Powers And Duties.
Section 136F.10 — Designation.
Section 136F.12 — Fond Du Lac Campus.
Section 136F.14 — Campus Merger Or Reorganization.
Section 136F.16 — Campus Establishment.
Section 136F.18 — Campus Closing.
Section 136F.19 — Power Of You Program.
Section 136F.20 — Student Health.
Section 136F.202 — Student Success Basic Needs Barrier Reduction.
Section 136F.22 — Student Associations.
Section 136F.23 — Student Associations; Purchasing Authority.
Section 136F.24 — Legal Counseling And Service Program; Funding.
Section 136F.25 — Absence For Chemical Abuse Treatment.
Section 136F.28 — Southwest Asia Veterans; Technical Colleges.
Section 136F.30 — Courses And Programs.
Section 136F.301 — Maximum Credit For Graduation; Waiver Reporting.
Section 136F.302 — Regulating The Assignment Of Students To Remedial Courses.
Section 136F.303 — Degree And Certificate Completion; Report.
Section 136F.31 — Centers Of Excellence.
Section 136F.32 — Degrees; Diplomas; Certificates.
Section 136F.36 — Technical College Carpentry Program Construction Authority.
Section 136F.361 — Career And Technical Education Certification And Licensure.
Section 136F.37 — Job Placement Impact On Program Review; Information To Students.
Section 136F.38 — Workforce Development Scholarships.
Section 136F.40 — Appointment Of Personnel.
Section 136F.41 — Assignment To Bargaining Units.
Section 136F.42 — Personnel Management.
Section 136F.43 — Extended Leaves Of Absence.
Section 136F.44 — Administrative Interaction With Students.
Section 136F.46 — Nonprofit Foundation Payroll Deduction.
Section 136F.47 — Pension Plan.
Section 136F.48 — Employer-paid Health Insurance.
Section 136F.481 — Early Separation Incentive Program.
Section 136F.50 — Cooperation Or Promotion Of A State College Or University.
Section 136F.52 — Local Advisory Committees.
Section 136F.53 — Parking And Traffic Regulation.
Section 136F.54 — Student Housing Management.
Section 136F.58 — Bookstores; Course Material Acquisition.
Section 136F.581 — Purchases And Contracts.
Section 136F.59 — Technical Equipment.
Section 136F.595 — Statewide Electronic Infrastructure; Portfolio Solutions.
Section 136F.60 — College And University Sites; Acquisition.
Section 136F.61 — State Building Code.
Section 136F.64 — Construction, Improvement, And Repair Of Facilities.
Section 136F.65 — Acceptance Of Federal Money.
Section 136F.66 — Capital Projects Bidding Procedures.
Section 136F.67 — Financing Of Child Care; Parking.
Section 136F.68 — State Property Agreements.
Section 136F.70 — Tuition; Fees; Activities Funds.
Section 136F.701 — Refund Of Tuition.
Section 136F.705 — Undergraduate Tuition Guarantee Plan.
Section 136F.73 — Cash Over And Short Account Of Imprest Cash Fund.
Section 136F.74 — Carryover Authority.
Section 136F.76 — Litigation Awards.
Section 136F.77 — Equity Investments.
Section 136F.79 — Sole State Agency.
Section 136F.80 — Grants; Gifts; Bequests; Devises; Endowments.
Section 136F.81 — Transfer Of Gifts.
Section 136F.90 — Board Of Trustees Duties.
Section 136F.91 — Bonds, Investments.
Section 136F.92 — Resolution Of Board.
Section 136F.93 — Student Activities, Fees Charged.
Section 136F.94 — Special Revenue Fund.
Section 136F.95 — Allocation Of Receipts.
Section 136F.96 — Administration.
Section 136F.97 — Contracts Of Board, Performance Compelled.