Minnesota Statutes 125A.72 – Student Activities Account
Subdivision 1.Student activities; receipts; appropriation.
All receipts of any kind generated to operate student activities, including student fees, donations and contributions, and gate receipts must be deposited in the state treasury. The receipts are appropriated annually to the Minnesota State Academies for student activities purposes. They are not subject to budgetary control by the commissioner of management and budget.
Subd. 2.To student activities account.
Terms Used In Minnesota Statutes 125A.72
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- state: extends to and includes the District of Columbia and the several territories. See Minnesota Statutes 645.44
Terms Used In Minnesota Statutes 125A.72
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- state: extends to and includes the District of Columbia and the several territories. See Minnesota Statutes 645.44
The money appropriated in subdivision 1 to the Minnesota State Academies for student activities must be credited to a Minnesota State Academies’ student activities account and may be spent only for Minnesota State Academies’ student activities purposes.
Subd. 3.Carryover.
An unexpended balance in the Minnesota State Academies’ student activities account may be carried over from the first fiscal year of the biennium into the second fiscal year of the biennium and from one biennium to the next. The amount carried over must not be taken into account in determining state appropriations and must not be deducted from a later appropriation.
Subd. 4.Money from certain student activities specifically included among receipts.
Any money generated by a Minnesota State Academies’ student activity that involves:
(1) state employees who are receiving compensation for their involvement with the activity;
(2) the use of state facilities; or
(3) money raised for student activities in the name of the Minnesota State Academies
is specifically included among the kinds of receipts that are described in subdivision 1.