2005 Minnesota Statutes - 136A.1313 — Financial aid audits.

     136A.1313 Financial aid audits. 


    Beginning with audits for fiscal year 1996, in place of the 
 audits provided by the office, public institutions that 
 administer state grants under decentralized delivery may arrange 
 for audits of state financial aid awards and tuition reciprocity 
 recipients in conjunction with their audits for federal 
 financial aid.  Audits must be conducted in compliance with 
 guidelines and materials prepared by the office.  The office 
 shall develop a review process including procedures for 
 responding to audit exceptions.  All other institutions under 
 decentralized delivery may arrange for audits under this section 
 beginning with audits for fiscal year 1997. 


    HIST: 1996 c 398 s 32