Minnesota § 136A.171 REVENUE BONDS; ISSUANCE; PROCEEDS

Minnesota Statutes

§ 136A.171 — REVENUE BONDS; ISSUANCE; PROCEEDS

Minnesota § 136A.171

PartPOSTSECONDARY EDUCATION

Ch. 136AHIGHER EDUCATION

This text of Minnesota § 136A.171 (REVENUE BONDS; ISSUANCE; PROCEEDS) 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. § 136A.171 (2026).

Text

The office may issue revenue bonds to obtain funds for loans made in accordance with the provisions of this chapter. The aggregate amount of revenue bonds, issued directly by the office, outstanding at any one time, not including refunded bonds or otherwise defeased or discharged bonds, shall not exceed $850,000,000. Proceeds from the issuance of bonds may be held and invested by the office pending disbursement in the form of loans. All interest and profits from the investments shall inure to the benefit of the office and shall be available to the office for the same purposes as the proceeds from the sale of revenue bonds including, but not limited to, costs incurred in administering loans under this chapter and loan reserve funds.

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The office may issue revenue bonds to obtain funds for loans made in accordance with the provisions of this chapter. The aggregate amount of revenue bonds, issued directly by the office, outstanding at any one time, not including refunded bonds or otherwise defeased or discharged bonds, shall not exceed $850,000,000. Proceeds from the issuance of bonds may be held and invested by the office pending disbursement in the form of loans. All interest and profits from the investments shall inure to the benefit of the office and shall be available to the office for the same purposes as the proceeds from the sale of revenue bonds including, but not limited to, costs incurred in administering loans under this chapter and loan reserve funds.

Legislative History

1973 c 605 s 12;1975 c 271 s 6;1975 c 390 s 6;1977 c 384 s 15;1979 c 238 s 6;1980 c 537 s 1;1981 c 300 s 9;1995 c 212 art 3 s 59;1997 c 183 art 3 s 16;2003 c 133 art 3 s 3;2005 c 107 art 2 s 60;2014 c 149 s 28