7.5 Financial Institutions and Investments - History

Board Policies
Chapter 7 - General Finance Provisions

Date of Adoption: 06/21/2000
Date of Implementation: 06/21/2000
Date of Last Review: 05/19/2021

Date & Subject of Amendments:

05/19/21 – As part of the 5 year review process, amendment contained technical edits and application of the new formatting and writing standards.

06/17/15 - Suspended the rules to amend on the first reading, Part 3 Daily Deposits to establish Minnesota Statute 16A.275 as the source for rules regarding deposits. Including, allowing college, university, or system office to deposit less frequently than daily if a waiver has been granted by Minnesota Management and Budget.

01/29/15 - Amended to clean up language throughout. New Part 2, Subpart B was added.

11/16/11 - Effective 1/1/12, the Board of Trustees amends all board policies to change the term "Office of the Chancellor" to "system office," and to make necessary related grammatical changes.

06/18/03 - changes "system office" to "office of the chancellor; in Part 3 changed updates to "an exception reporting basis"

06/21/00 - Contains and amends language formerly in Board policy 7.1, Part 2, Subpart B, External bank accounts.