Subdivision 1. Custody of securities. The commissioner of management and budget and other custodians of securities belonging to the various funds shall provide in the appropriate cases the state board and its delegates with reasonable access thereto. Each security shall be held as an asset of the fund from which the investment expenditure was made.
Subd. 2. Escheated property. The commissioner of management and budget shall report immediately to the state board all personal property other than money received by the state of Minnesota as escheated property. If the state board elects to sell escheated property, all money received from the sale shall be credited to the general fund of the state.
Subd. 3. Audits. State audits of the activities of the state board and its delegates shall be conducted by the legislative auditor.
Subd. 4. Office space. The commissioner of administration shall provide the director and staff with suitable office and storage space in the State Capitol complex as near as practicable to the office of the commissioner of management and budget.
1980 c 607 art 14 s 8; 2003 c 112 art 2 s 50; 2009 c 101 art 2 s 109
Structure Minnesota Statutes
Chapters 10 - 12B — Government Miscellany
Chapter 11A — Investment Of State And Pension Assets
Section 11A.01 — Statement Of Purpose.
Section 11A.03 — State Board; Membership; Organization.
Section 11A.04 — Duties And Powers; Appropriation.
Section 11A.07 — Executive Director.
Section 11A.075 — Disclosure Of Expense Reimbursement.
Section 11A.08 — Investment Advisory Council.
Section 11A.09 — Standard Of Care.
Section 11A.10 — Duties Of Other Officials.
Section 11A.11 — Investment And Expense Appropriation.
Section 11A.12 — Gains And Losses; Disposition.
Section 11A.13 — Assets And Documentation.
Section 11A.14 — Minnesota Combined Investment Funds.
Section 11A.15 — State Bond Fund.
Section 11A.16 — Permanent School Fund.
Section 11A.17 — Minnesota Supplemental Investment Fund.
Section 11A.20 — Investment Of State Treasury Funds Not Currently Needed.
Section 11A.21 — Investment Of Highway Funds.
Section 11A.23 — Investment Of Retirement Funds And Plans.
Section 11A.235 — Account For Investment Of Certain Duluth Funds Or Assets.
Section 11A.24 — Authorized Investments.
Section 11A.241 — Investment In Northern Ireland.
Section 11A.244 — Investment In Iran.
Section 11A.245 — Investment In Russia And Belarus.
Section 11A.25 — Additional Investment Provisions.
Section 11A.27 — Report On Investment Consultant Activities And Deliverables.