GroundRules
← Search the law
Minnesota · Through 2025 Minnesota Statutes

Minn. Stat. § 136A.171: REVENUE BONDS; ISSUANCE; PROCEEDS.

Read at publisher ↗
Where this section sits in the code
  1. POSTSECONDARY EDUCATION
  2. CHAPTER 136A. HIGHER EDUCATION
  3. STUDENT LOAN PROGRAMS

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.

Collected 2026-09-02T22:10:33Z. Source file · JSON

Browse this collection