(a) Direct appropriations to the University of Minnesota include money to pay the employer’s share of Social Security, state retirement, and health insurance. Money provided for these purposes shall be expended only for these purposes and any amounts in excess of the employer’s share shall be returned to the state treasury.

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Terms Used In Minnesota Statutes 137.027

  • Contract: A legal written agreement that becomes binding when signed.
  • state: extends to and includes the District of Columbia and the several territories. See Minnesota Statutes 645.44

(b) Unless otherwise explicitly provided for in law, direct appropriations to the University of Minnesota do not include, and may not be used to pay, any mandatory or discretionary bonus or other performance-based incentive payment provided for in an employment contract with the president or vice-presidents, chancellors, provosts, vice-provosts, deans, or directors of individual programs.