Minnesota Statutes 16C.055 – Barter Arrangements Limited
Current as of: 2023 | Check for updates
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Subdivision 1.
[Repealed, 2007 c 148 art 2 s 84]
Subd. 2.Restriction.
Terms Used In Minnesota Statutes 16C.055
- 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
Terms Used In Minnesota Statutes 16C.055
- 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
An agency may not enter into a contract or otherwise agree with a nongovernmental entity to receive total nonmonetary consideration valued at more than $100,000 annually in exchange for the agency providing nonmonetary consideration, unless such an agreement is specifically authorized by law. This subdivision does not apply to the State Lottery, optical fiber owned by the state as of July 1, 2019, or private aquaculture businesses involved in state stocking contracts.