Subdivision 1. Monthly payments. The commissioner of management and budget shall pay 1/12 of the annual appropriation to the University of Minnesota by the 25th day of each month. If the 25th day of the month falls on a Saturday or Sunday, the monthly payment must be made by the first business day immediately following the 25th day of the month.
Subd. 2. Appropriations for buildings. The commissioner of management and budget shall pay no money to the University of Minnesota pursuant to a direct appropriation for buildings until all balances separately invested, including cash, and those in the temporary investment pool attributable to all state building funds shall be reduced below $5,000,000, or any other amount specified in the act making the appropriation. Payment shall then be made upon certification of the amounts needed for construction payments, but so as not to increase the building balances in cash, separately invested, or in the temporary investment pool, to a total above the indicated level.
Subd. 2a. Appropriations from Minnesota environment and natural resources trust fund. (a) The commissioner of management and budget shall pay no money to the University of Minnesota pursuant to a direct appropriation from the Minnesota environment and natural resources trust fund until the University of Minnesota requests reimbursement for expenditures related to the direct appropriation. The reimbursement request shall specify expenditures by appropriation. The commissioner of management and budget shall reimburse the University of Minnesota by the 25th day of the month following the reimbursement request. If the 25th day of the month falls on a Saturday, Sunday, or holiday, the payment must be made by the first business day immediately following the 25th day of the month.
(b) For each year the appropriation is available, the University of Minnesota must submit an encumbrance request to the commissioner of management and budget by July 31 for the prior fiscal year. The encumbrance request shall identify the amount the university anticipates it will request for reimbursement for expenses in the prior fiscal year by appropriation. The commissioner of management and budget shall maintain this amount as an encumbrance at the state level until the university submits its final reimbursement request for that fiscal year.
(c) Final requests for reimbursement must be made within 90 days from the last day the appropriation is available to reimburse expenditures.
Subd. 3. Investment; income. Money not paid to the university by reason of the foregoing requirements shall be invested by the state in those securities authorized by section 11A.25 until paid to the university. Income from investments shall be credited to the general fund in the state treasury.
1976 c 163 s 24; 1980 c 607 art 14 s 46; 1987 c 401 s 29; 2009 c 95 art 2 s 34; 2009 c 101 art 2 s 109; 1Sp2010 c 1 art 2 s 2; 2016 c 186 s 7
Structure Minnesota Statutes
Chapters 135A - 137 — Postsecondary Education
Chapter 137 — University Of Minnesota
Section 137.02 — Powers And Duties Of Board Of Regents.
Section 137.021 — Acceptance Of Federal Money.
Section 137.022 — Permanent University Fund.
Section 137.0225 — University Promise Scholarship.
Section 137.0226 — Scholarship Funding Program.
Section 137.023 — University Student On Board Of Regents.
Section 137.024 — Congressional Districts Represented On Board Of Regents.
Section 137.0245 — Regent Candidate Advisory Council.
Section 137.0246 — Regent Nomination And Election.
Section 137.025 — Appropriations; Payment; Investment.
Section 137.0251 — Budgetary Information.
Section 137.0252 — Appropriation; Contract Buyout.
Section 137.027 — Appropriation; Fringe Benefits.
Section 137.028 — Biennial Budget Request; University Of Minnesota.
Section 137.04 — Library To Get Copies Of State Publications.
Section 137.09 — Board Of Regents Not To Exceed Appropriations; Penalty.
Section 137.10 — Refund Of Tuition To Students In Certain Cases.
Section 137.105 — Undergraduate Tuition Guarantee Plan.
Section 137.12 — Peace Officers; Appointment; Power Of Arrest.
Section 137.16 — Morris Branch.
Section 137.17 — Rochester Branch.
Section 137.22 — Higher Education Act Of 1965; Receipts.
Section 137.31 — Procurement From Small Businesses.
Section 137.32 — Minnesota Couples On The Brink Project.
Section 137.34 — Program Established.
Section 137.341 — Farm Safety Specialist Position.
Section 137.342 — Research Center For Agricultural Health And Safety.
Section 137.35 — Targeted Businesses.
Section 137.36 — Prompt Payment To Subcontractors.
Section 137.37 — Off-campus Sites And Centers.
Section 137.38 — Education And Training Of Primary Care Physicians.
Section 137.39 — Medical School Initiatives.
Section 137.40 — Residency And Other Initiatives.
Section 137.42 — Grants For Area Health Education Center Programs.
Section 137.43 — Substitute Physician Demonstration Project.
Section 137.44 — Health Professional Education Budget Plan.
Section 137.45 — Program For Students With Intellectual And Developmental Disabilities.
Section 137.47 — Fetal Tissue Research.
Section 137.51 — Land Protection And Transfer.
Section 137.52 — Contamination Remediation; Report.
Section 137.53 — Activities; Contracts.
Section 137.54 — Conditions For Payment To University.
Section 137.55 — Public Use Of Stadium.
Section 137.56 — Environmental Review.
Section 137.57 — No Full Faith And Credit.
Section 137.58 — Mitigation Fund.
Section 137.60 — Eminent Domain.
Section 137.63 — Biomedical Science Research Facilities Funding Program.
Section 137.64 — Conditions For Payments To University.
Section 137.65 — No Full Faith And Credit.
Section 137.66 — Minnesota Discovery, Research, And Innovation Economy Funding Program.
Section 137.67 — Minnesota Biomedicine And Bioethics Innovation Grants.