Subdivision 1. Certification. When there are funds in the state treasury over and above the amount that the commissioner of management and budget has determined are currently needed, the commissioner shall certify to the state board the amount thereof.
Subd. 2. Investment. The certified amount of state treasury funds not currently needed shall be invested by the state board subject to the provisions of section 11A.25.
Subd. 3. Crediting of investment income. Notwithstanding provisions of section 11A.12, all investment income and all investment losses attributable to the investment of state treasury funds, other than the game and fish fund, not currently needed shall be credited to the general fund.
1980 c 607 art 14 s 18; 1981 c 356 s 254; 1Sp1985 c 13 s 77; 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.