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Minnesota · Through 2025 Minnesota Statutes

Minn. Stat. § 126C.67: SCHOOL LOANS.

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Where this section sits in the code
  1. EDUCATION CODE: PREKINDERGARTEN - GRADE 12
  2. CHAPTER 126C. EDUCATION FUNDING
  3. CAPITAL AND DEBT SERVICE LOANS; MAXIMUM EFFORT SCHOOL AID LAW

Subdivision 1. Consideration by commissioner.

The commissioner shall receive and consider applications for and grant or deny loans under sections 126C.61 to 126C.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 sections 126C.61 to 126C.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.

Collected 2026-09-02T22:10:32Z. Source file · JSON

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