Subdivision 1. Receipt and acceptance. The board may apply for, receive, and accept on behalf of the state and for the benefit of any state college or university any grant, gift, bequest, devise, or endowment that any person, firm, corporation, foundation, or association may make to the board for the purposes of the state colleges and universities, or any federal, state, or private money made available for the purpose of providing student financial aid at the state colleges and universities. The board may use any money given to it or to any of the state colleges and universities consistent with the terms and conditions under which the money was received and for the purposes stated. All moneys under this subdivision are appropriated to the board for use in the colleges and universities and shall be administered within the college and university activity funds. These moneys shall not be taken into account in determining appropriations or allocations. All taxes and special assessments constituting a lien on any real property received and accepted by the board under this section shall be paid in full before title is transferred to the state.
Subd. 2. Deposit of money. The board shall provide by policy, in accordance with provisions of chapter 118A, for the deposit of all money received or referred to under this section. Whenever the board shall by resolution determine that there are moneys in the state college or university funds not currently needed, the board may by resolution authorize and direct the president of the college or university to invest a specified amount in securities as are duly authorized as legal investments for savings banks and trust companies. Securities so purchased shall be deposited and held for the board by any bank or trust company authorized to do a banking business in this state. Notwithstanding the provisions of chapter 118A, the State Board of Investment may invest assets of the board, colleges, and universities when requested by the board, college, or university.
1995 c 212 art 4 s 55; 1996 c 398 s 53; 1997 c 183 art 3 s 24
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.