Minnesota Statutes 268.193 – Postsecondary Unemployment Insurance Aid
Subdivision 1.Postsecondary institutions.
For the purposes of this section, “eligible postsecondary institution” means:
Terms Used In Minnesota Statutes 268.193
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- state: extends to and includes the District of Columbia and the several territories. See Minnesota Statutes 645.44
(1) the University of Minnesota;
(2) a postsecondary institution governed by the Board of Trustees of the Minnesota State Colleges and Universities; or
(3) a Tribal college, which includes Leech Lake Tribal College, White Earth Tribal College, or Red Lake Nation Tribal College.
Subd. 2.Unemployment insurance aid.
Eligible postsecondary institutions are eligible to receive unemployment insurance aid under this section. For each fiscal year, an eligible entity’s aid is the difference between fiscal year 2022’s unemployment insurance costs and the current year’s unemployment insurance costs, as reflected in the unemployment insurance employer accounts maintained by the state. If the total eligible unemployment insurance aid for a fiscal year is greater than the annual appropriation for that year, the Board of Trustees of the Minnesota State Colleges and Universities or the commissioner of the Office of Higher Education, as applicable, must proportionately reduce the aid payment to each eligible entity.