2002 Minnesota Code
Chapters 16A - 16E Administration and Finance
Chapter 16A Department of Finance
Section 16A.53 Bookkeeping accounts.
16A.53 Bookkeeping accounts.
Subdivision 1. Fund creates accounts. When a law creates a fund in the treasury into which are deposited certain revenues and out of which certain expenditures are appropriated, the commissioner may consider the creation of the fund as the creation of a bookkeeping account in the state's general books of account so as to reflect the revenues deposited in the treasury and credited to the account and the expenditures appropriated from the treasury and charged to the account.
Subd. 2. Exception. Subdivision 1 does not apply to a fund created by the constitution or to a fund required to be created in the treasury by federal law.
HIST: 1959 c 30 s 2; 1973 c 492 s 14; 1984 c 628 art 2 s 1
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