Minnesota § 126C.67 SCHOOL LOANS

Minnesota Statutes

§ 126C.67 — SCHOOL LOANS

Minnesota § 126C.67

PartEDUCATION CODE: PREKINDERGARTEN - GRADE 12

Ch. 126CEDUCATION FUNDING

This text of Minnesota § 126C.67 (SCHOOL LOANS) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 126C.67 (2026).

Text

Subdivision 1.Consideration by commissioner.
The commissioner shall receive and consider applications for and grant or deny loans under sections126C.61to126C.72.

Subd. 2.Application forms; rules.
The commissioner, with the assistance of the attorney general or a designated assistant, shall prepare forms of applications for debt service loans and capital loans and instruments evidencing the loans. The commissioner must promulgate rules to facilitate the commissioner's operations in compliance with sections126C.61to126C.72. The rules are subject to chapter 14.

Subd. 3.Clerk.
The commissioner may employ a clerk to administer the Maximum Effort School Aid Law. The commissioner may fix the clerk's compensation, which must be paid out of the loan repayment account of the fund.

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Subdivision 1.Consideration by commissioner.
The commissioner shall receive and consider applications for and grant or deny loans under sections126C.61to126C.72.

Subd. 2.Application forms; rules.
The commissioner, with the assistance of the attorney general or a designated assistant, shall prepare forms of applications for debt service loans and capital loans and instruments evidencing the loans. The commissioner must promulgate rules to facilitate the commissioner's operations in compliance with sections126C.61to126C.72. The rules are subject to chapter 14.

Subd. 3.Clerk.
The commissioner may employ a clerk to administer the Maximum Effort School Aid Law. The commissioner may fix the clerk's compensation, which must be paid out of the loan repayment account of the fund.

Legislative History

Ex1959 c 27 s 6;1961 c 562 s 6;1969 c 6 s 22;1973 c 582 s 3;1975 c 61 s 9;1975 c 162 s 30;1976 c 2 s 60;1978 c 706 s 34;1981 c 358 art 9 s 4;1982 c 424 s 130;1982 c 560 s 44;1986 c 444;1994 c 465 art 2 s 1;1995 c 233 art 2 s 56;1997 c 187 art 5 s 16;1998 c 397 art 7 s 51,52,164; art 11 s 3;1998 c 398 art 5 s 55