The state board may enter into agreements with the Minnesota higher education coordinating board or with the governing board of any public postsecondary career and technical institute in that state to enable, on a reciprocal basis, any resident of North Dakota to attend an approved career and technical education program in Minnesota and to permit any resident of Minnesota to attend an approved career and technical education program in North Dakota without being required to pay nonresident tuition fees. For the purposes of this section, “approved career and technical education program” means any postsecondary career and technical program offered by a Minnesota area career and technical institute or a district-operated junior college in North Dakota. Any agreement made pursuant to this section may provide for the transfer of funds between the states and any payment to Minnesota by North Dakota must be within the limitations of the payment due North Dakota from Minnesota under the authority contained in chapter 15-10.1. Any payment to North Dakota by Minnesota must be deposited in the state’s general fund.