Minnesota § 16A.126 REVOLVING FUND BILLING

Minnesota Statutes

§ 16A.126 — REVOLVING FUND BILLING

Minnesota § 16A.126

PartADMINISTRATION AND FINANCE

Ch. 16ADEPARTMENT OF MANAGEMENT AND BUDGET

This text of Minnesota § 16A.126 (REVOLVING FUND BILLING) 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. § 16A.126 (2026).

Text

Subdivision 1.Set rates.
The commissioner shall approve the rates an agency must pay to a revolving fund for services. Funds subject to this subdivision include, but are not limited to, the revolving funds established in sections14.46;14.53;16B.2975, subdivision 4;16B.48;16B.54;16B.58;16B.85;16E.14;43A.55; and176.591; the fund established in section43A.30; and the account established in section16A.1286.

Subd. 2.Immediate needs.
To reduce reserves for unforeseen needs, and so reduce these rates, the commissioner may transfer money from the general fund to a revolving fund. Before doing so, the commissioner must decide there is not enough money in the revolving fund for an immediate, necessary expenditure. The amount necessary to make the transfer is appropriated from the general fund to t

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Subdivision 1.Set rates.
The commissioner shall approve the rates an agency must pay to a revolving fund for services. Funds subject to this subdivision include, but are not limited to, the revolving funds established in sections14.46;14.53;16B.2975, subdivision 4;16B.48;16B.54;16B.58;16B.85;16E.14;43A.55; and176.591; the fund established in section43A.30; and the account established in section16A.1286.

Subd. 2.Immediate needs.
To reduce reserves for unforeseen needs, and so reduce these rates, the commissioner may transfer money from the general fund to a revolving fund. Before doing so, the commissioner must decide there is not enough money in the revolving fund for an immediate, necessary expenditure. The amount necessary to make the transfer is appropriated from the general fund to the commissioner of management and budget. The commissioner shall report the amount and purpose of the transfer to the chair of the committee or division in the senate and house of representatives with primary jurisdiction over the budget of the Department of Management and Budget.

Subd. 3.Repayment schedules.
The commissioner shall make schedules for repayment to the general fund of the transferred money. A schedule to repay money used to buy equipment may extend over the equipment's useful life. Otherwise, a schedule may not extend beyond five years. The repayment must include interest at a rate comparable to the rate earned by the state on invested commissioner of management and budget's cash, as determined monthly by the commissioner. An amount necessary to pay the interest is appropriated from the revolving fund to which the transfer was made.

Legislative History

1976 c 231 s 5;1977 c 410 s 5;1979 c 333 s 72;1980 c 614 s 55;1984 c 628 art 2 s 1;1987 c 275 s 3;1999 c 250 art 1 s 48;2000 c 488 art 12 s 11;2003 c 112 art 2 s 50;2009 c 101 art 2 s 45,109;2010 c 382 s 6;2014 c 196 art 2 s 15; art 3 s 1;2015 c 21 art 1 s 5;2023 c 62 art 2 s 55