(a) The purpose of sections 127A.351 to 127A.353 is to establish a school trust lands director position to recommend management policies for Minnesota's school trust lands in accordance with the provisions of the Minnesota Constitution, article XI, section 8.
(b) As trustee, the state must manage the lands and revenues generated from the lands consistent with the best interests of the trust beneficiaries as defined in the Minnesota Constitution, article XI, section 8. When it is in the best interest of the school trust lands, ecological benefits shall be taken into consideration.
(c) The trustee must be concerned with both income for the current beneficiaries and the preservation of trust assets for future beneficiaries, which requires a balancing of short-term and long-term interests so that long-term benefits are not lost in an effort to maximize short-term gains.
(d) Sections 127A.351 to 127A.353 shall be liberally construed to enable the school trust lands director and the commissioner of natural resources to faithfully fulfill the state's obligations to the trust beneficiaries.
2012 c 249 s 8,12
Structure Minnesota Statutes
Chapters 120 - 129C — Education Code: Prekindergarten - Grade 12
Chapter 127A — State Administration Of Education
Section 127A.01 — Definitions.
Section 127A.05 — Commissioner Of Education.
Section 127A.06 — Recommendations; Budget.
Section 127A.065 — Cross-subsidy Report.
Section 127A.07 — Shared Service Agreements.
Section 127A.09 — Federal Aid For Education.
Section 127A.095 — Implementation Of Elementary And Secondary Education Act.
Section 127A.10 — State Officials And School Board Members To Be Disinterested; Penalty.
Section 127A.11 — Monitor Medical Assistance Services For Disabled Students.
Section 127A.12 — Commissioner Membership In Certain Organizations.
Section 127A.13 — Contracts With Federal Government.
Section 127A.15 — Library Information Services.
Section 127A.17 — Uniform Systems Of Records And Of Accounting; Commissioner.
Section 127A.18 — Management Assistance To School Districts.
Section 127A.19 — Financial Management Assistance And Training To School Districts And School Sites.
Section 127A.20 — Evidence-based Education Grants.
Section 127A.30 — Legislative Permanent School Fund Commission.
Section 127A.31 — Goal Of The Permanent School Fund.
Section 127A.32 — School Endowment Fund; Designation.
Section 127A.33 — School Endowment Fund; Apportionment.
Section 127A.34 — County Auditor And Commissioner Duties.
Section 127A.351 — Policy And Purpose.
Section 127A.352 — Policy Recommendations; Duties.
Section 127A.353 — School Trust Lands Director.
Section 127A.40 — Manner Of Payment Of State Aids.
Section 127A.41 — Distribution Of School Aids; Appropriation.
Section 127A.42 — Reduction Of Aid For Violation Of Law.
Section 127A.43 — District Employment Of Unlicensed Teachers; Aid Reduction.
Section 127A.441 — Aid Reduction; Levy Revenue Recognition Change.
Section 127A.45 — Payment Of Aids And Credits To School Districts.
Section 127A.47 — Payments To Resident And Nonresident Districts.
Section 127A.48 — Adjustment Of Net Tax Capacity.
Section 127A.49 — Aid Adjustments.
Section 127A.50 — Aid Adjustments Due To Changes In Employer Retirement Contribution Rates.
Section 127A.51 — Statewide Average Revenue.
Section 127A.70 — Minnesota P-20 Education Partnership.
Section 127A.80 — Compact For Education.
Section 127A.81 — Education Commission.
Section 127A.85 — Interstate Compact On Educational Opportunity For Military Children.