Section 136F.91 — Bonds, Investments.
136F.91 BONDS, INVESTMENTS. The state, including the State Board of Investment, and all counties, cities, towns and other municipal corporations, political subdivisions and political bodies, and public officers of any of the public entities listed in this section, all banks, bankers, trust companies, savings banks, and institutions, savings associations, investment companies and other persons carrying […]
Section 136F.92 — Resolution Of Board.
136F.92 RESOLUTION OF BOARD. Upon the determination by the board or its successor to acquire, construct, complete, remodel, or equip any student residence halls, dormitories, dining halls, student union buildings, parking facilities, or other similar revenue-producing building or buildings, the board or its successor shall adopt a resolution describing generally the contemplated project, the estimated […]
Section 136F.93 — Student Activities, Fees Charged.
136F.93 STUDENT ACTIVITIES, FEES CHARGED. Whenever bonds are issued as provided in sections 136F.90 to 136F.98, it shall be the duty of the board to establish charges or fees, including without limitation fees for student activities and fees for student facilities, for the use of any buildings or structures sufficient at all times to pay […]
Section 136F.94 — Special Revenue Fund.
136F.94 SPECIAL REVENUE FUND. (a) The gross total income derived from the sale of bonds, and receipts and income derived from charges or fees, rentals, and all other revenue established for the use and service of any buildings or structures shall, within three days after their receipt, be paid to and held by the treasurer […]
Section 136F.95 — Allocation Of Receipts.
136F.95 ALLOCATION OF RECEIPTS. All moneys in the board revenue fund and all income from the operation of residence halls, dormitories, dining halls, student union buildings, parking facilities and other revenue producing buildings and structures are appropriated first to the payment of expenses of the operation of the facilities from which the revenues so appropriated […]
Section 136F.96 — Administration.
136F.96 ADMINISTRATION. The administration of sections 136F.90 to 136F.98 shall be under the board independent of other authority and notwithstanding chapters 16A, 16B, and 16C. History: 1955 c 715 s 7; 1957 c 576 s 1,2; 1975 c 321 s 2; 1977 c 410 s 16; 1985 c 248 s 68; 1994 c 532 art […]
Section 136F.97 — Contracts Of Board, Performance Compelled.
136F.97 CONTRACTS OF BOARD, PERFORMANCE COMPELLED. (a) The provisions of sections 136F.90 to 136F.98 and of any resolution or other proceedings authorizing the issuance of bonds shall constitute a contract with the holders of the bonds and the provisions shall be enforceable either in law or in equity, by suit, action, mandamus or other proceeding […]
Section 136F.98 — Revenue Bonds, Issuance; Federal Tax.
136F.98 REVENUE BONDS, ISSUANCE; FEDERAL TAX. Subdivision 1. Issuance of bonds. The board or a successor may issue revenue bonds under sections 136F.90 to 136F.97 whose aggregate principal amount at any time may not exceed $405,000,000, and payable from the revenue appropriated to the fund established by section 136F.94, and use the proceeds together with […]
Section 136F.76 — Litigation Awards.
136F.76 LITIGATION AWARDS. Notwithstanding any law to the contrary, the board may keep money received from successful litigation by or against the board. Awards made to the state or the board resulting from litigation against or by the board must be kept by the board to the credit of the account from which the litigation […]
Section 136F.77 — Equity Investments.
136F.77 EQUITY INVESTMENTS. Subdivision 1. Powers of board. The board may acquire an interest in a product or a private business entity for the purpose of developing and providing educational materials and related programs or services to further the mission of the Minnesota State Colleges and Universities and foster the economic growth of the state. […]