Subdivision 1. Definitions. (a) For purposes of this section, the terms in this subdivision have the meanings given them.
(b) "Business data" is data described in section 13.591, subdivision 1, and includes the funded amount of the University of Minnesota's commitment to the investment to date, if any; the market value of the investment by the University of Minnesota; and the age of the investment in years.
(c) "Financial, business, or proprietary data" means data, as determined by the responsible authority for the University of Minnesota, that is of a financial, business, or proprietary nature, the release of which could cause competitive harm to the University of Minnesota, the legal entity in which the University of Minnesota has invested or has considered an investment, the managing entity of an investment, or a portfolio company in which the legal entity holds an interest.
(d) "Investment" means the investments by the University of Minnesota in the following private capital:
(1) venture capital and other private equity investment businesses through participation in limited partnerships, trusts, limited liability corporations, limited liability companies, limited liability partnerships, and corporations;
(2) real estate ownership interests or loans secured by mortgages or deeds of trust or shares of real estate investment trusts through investment in limited partnerships; and
(3) natural resource investments through limited partnerships, trusts, limited liability corporations, limited liability companies, limited liability partnerships, and corporations.
Subd. 2. Claims experience data. Claims experience and all related information received from carriers and claims administrators participating in a University of Minnesota group health, dental, life, or disability insurance plan or the University of Minnesota workers' compensation program, and survey information collected from employees or students participating in these plans and programs, except when the university determines that release of the data will not be detrimental to the plan or program, are classified as nonpublic data under section 13.02, subdivision 9.
Subd. 3. Private equity investment data. (a) Financial, business, or proprietary data collected, created, received, or maintained by the University of Minnesota in connection with investments are nonpublic data.
(b) The following data shall be public:
(1) the name of the general partners and the legal entity in which the University of Minnesota has invested;
(2) the amount of the university's initial commitment, and any subsequent commitments;
(3) quarterly reports which outline the aggregate investment performance achieved and the market value, and the fees and expenses paid in aggregate to general partner investment managers in each of the following specific asset classes: venture capital, private equity, distressed debt, private real estate, and natural resources;
(4) a description of all of the types of industry sectors the University of Minnesota is or has invested in, in each specific private equity asset class;
(5) the portfolio performance of University of Minnesota investments overall, including the number of investments, the total amount of the University of Minnesota commitments, the total current market value, and the return on the total investment portfolio; and
(6) the university's percentage ownership interest in a fund or investment entity in which the university is invested.
1Sp2003 c 8 art 2 s 6; 2009 c 178 art 2 s 1
Structure Minnesota Statutes
Chapters 13 - 13C — Data Practices
Chapter 13 — Government Data Practices
Section 13.01 — Government Data.
Section 13.025 — Government Entity Obligation.
Section 13.03 — Access To Government Data.
Section 13.04 — Rights Of Subjects Of Data.
Section 13.045 — Safe At Home Program Participant Data.
Section 13.05 — Duties Of Responsible Authority.
Section 13.055 — Disclosure Of Breach In Security; Notification And Investigation Report Required.
Section 13.06 — Temporary Classification.
Section 13.07 — Duties Of Commissioner; Rules.
Section 13.072 — Opinions By The Commissioner.
Section 13.073 — Public Information Policy Training Program.
Section 13.08 — Civil Remedies.
Section 13.085 — Administrative Remedy.
Section 13.10 — Data On Decedents.
Section 13.15 — Computer Data.
Section 13.201 — Rideshare Data.
Section 13.202 — Political Subdivision Data Coded Elsewhere.
Section 13.203 — Service Cooperative Claims Data.
Section 13.319 — Education Data Coded Elsewhere.
Section 13.32 — Educational Data.
Section 13.321 — Prekindergarten To Grade 12 Educational Data Coded Elsewhere.
Section 13.3215 — University Of Minnesota Data.
Section 13.322 — Postsecondary Education Data Coded Elsewhere.
Section 13.34 — Examination Data.
Section 13.35 — Federal Contracts Data.
Section 13.355 — Social Security Numbers.
Section 13.356 — Personal Contact And Online Account Information.
Section 13.37 — General Nonpublic Data.
Section 13.3805 — Public Health Data.
Section 13.3806 — Public Health Data Coded Elsewhere.
Section 13.381 — Health Regulatory Data Coded Elsewhere.
Section 13.383 — Health Occupations Investigative Data Coded Elsewhere.
Section 13.384 — Medical Data.
Section 13.386 — Treatment Of Genetic Information Held By Government Entities And Other Persons.
Section 13.387 — Health Care Contract Data.
Section 13.39 — Civil Investigation.
Section 13.392 — Internal Auditing Data.
Section 13.40 — Library And Historical Data.
Section 13.401 — Library And Historical Data Coded Elsewhere.
Section 13.41 — Licensing Data.
Section 13.411 — Licensing Data Coded Elsewhere.
Section 13.43 — Personnel Data.
Section 13.435 — Salary Benefit Survey Data.
Section 13.44 — Property Data.
Section 13.441 — Property Data Coded Elsewhere.
Section 13.461 — Human Services Data Coded Elsewhere.
Section 13.462 — Benefit Data.
Section 13.463 — Education Support Services Data.
Section 13.465 — Family And Domestic Relations Data Coded Elsewhere.
Section 13.467 — Foster Care Data.
Section 13.47 — Employment And Training Data.
Section 13.485 — Corporation Data Coded Elsewhere.
Section 13.487 — Trade Regulation And Consumer Data Coded Elsewhere.
Section 13.495 — Lodging Tax Data.
Section 13.4961 — General Tax Data Coded Elsewhere.
Section 13.4963 — Classification And Disclosure Tax Data Coded Elsewhere.
Section 13.4965 — Property Tax Data Coded Elsewhere.
Section 13.4967 — Other Tax Data Coded Elsewhere.
Section 13.51 — Assessor's Data.
Section 13.52 — Deferred Assessment Data.
Section 13.548 — Social Recreational Data.
Section 13.55 — Convention Center Data.
Section 13.552 — Human Rights Data Coded Elsewhere.
Section 13.585 — Housing Agency Data.
Section 13.586 — Housing Agency Data Coded Elsewhere.
Section 13.587 — Emergency Services For Homeless Persons; Private Data.
Section 13.59 — Housing And Redevelopment Data.
Section 13.591 — Business Data.
Section 13.598 — Employment And Economic Development Data Coded Elsewhere.
Section 13.601 — Elected And Appointed Officials.
Section 13.602 — Elected And Appointed Official Data Coded Elsewhere.
Section 13.605 — Legislative Data.
Section 13.606 — Legislative Data Coded Elsewhere.
Section 13.607 — Campaign Finance, Public Disclosure, And Election Data Coded Elsewhere.
Section 13.63 — Retirement Data.
Section 13.631 — Retirement Data Coded Elsewhere.
Section 13.632 — Teachers Retirement Fund Association Data; Certain Cities.
Section 13.635 — General State Agency Data Coded Elsewhere.
Section 13.64 — Administration; Management And Budget Data.
Section 13.6401 — Administration And Management And Budget Data Coded Elsewhere.
Section 13.643 — Agricultural Data.
Section 13.6435 — Agricultural Data Coded Elsewhere.
Section 13.65 — Attorney General Data.
Section 13.67 — Employee Relations Data.
Section 13.6705 — Employee Relations Data Coded Elsewhere.
Section 13.679 — Public Utility Data.
Section 13.68 — Energy And Financial Data And Statistics.
Section 13.681 — Energy And Utilities Data Coded Elsewhere.
Section 13.685 — Municipal Utility Customer Data.
Section 13.69 — Public Safety Department Data.
Section 13.6905 — Public Safety Data Coded Elsewhere.
Section 13.711 — Department Of Commerce Data; Release Of Complaint To Respondent.
Section 13.712 — Commerce Data Coded Elsewhere.
Section 13.713 — Banking Data Coded Elsewhere.
Section 13.714 — Insurance Trust Data; Private And Nonpublic Data.
Section 13.715 — General Insurance Powers Data; Surplus Line Insurance.
Section 13.716 — General Insurance Powers Data Coded Elsewhere.
Section 13.717 — Insurance; Health Care Cost Containment Data Coded Elsewhere.
Section 13.719 — Miscellaneous Insurance Data.
Section 13.7191 — Miscellaneous Insurance Data Coded Elsewhere.
Section 13.72 — Transportation Department Data.
Section 13.721 — Transportation Data Coded Elsewhere.
Section 13.741 — Pollution Control; Environmental Quality Data.
Section 13.7411 — Pollution Control And Environmental Quality Data Coded Elsewhere.
Section 13.745 — Pari-mutuel Horse Racing Coded Elsewhere.
Section 13.746 — Gaming Data Coded Elsewhere.
Section 13.785 — Veterans Data Coded Elsewhere.
Section 13.79 — Department Of Labor And Industry Data.
Section 13.7905 — Labor And Industry Data Coded Elsewhere.
Section 13.7908 — Bureau Of Mediation Services Data.
Section 13.791 — Rehabilitation Data.
Section 13.7911 — Bioprocess Piping And Equipment Data.
Section 13.792 — Private Donor Gift Data.
Section 13.793 — Natural Resource Data; Mineral Data.
Section 13.7931 — Natural Resource Data Coded Elsewhere.
Section 13.7932 — Logger Safety And Education Program Data.
Section 13.80 — Domestic Abuse Data.
Section 13.805 — Address Confidentiality Data Coded Elsewhere.
Section 13.82 — Comprehensive Law Enforcement Data.
Section 13.821 — Videotapes Of Child Abuse Victims.
Section 13.822 — Sexual Assault Data.
Section 13.823 — Domestic Abuse Or Sexual Assault Programs.
Section 13.824 — Automated License Plate Readers.
Section 13.825 — Portable Recording Systems.
Section 13.83 — Medical Examiner Data.
Section 13.84 — Court Services Data.
Section 13.841 — Court Services Data Coded Elsewhere.
Section 13.85 — Corrections And Detention Data.
Section 13.851 — Corrections And Detention Data Coded Elsewhere.
Section 13.854 — Release Of Arrested, Detained, Or Confined Person; Automated Notification Service.
Section 13.856 — Ombudsperson For Corrections; Data.
Section 13.86 — Investigative Detention Data.
Section 13.861 — Security Service Data.
Section 13.87 — Criminal Justice Data.
Section 13.871 — Criminal Justice Data Coded Elsewhere.
Section 13.873 — Integrated Search Service Data Subject Access.
Section 13.875 — Juvenile Justice Data Coded Elsewhere.
Section 13.876 — Foster Youth Ombudsperson; Data.
Section 13.88 — Community Dispute Resolution Center Data.
Section 13.89 — Dissemination Of Data To Protection And Advocacy Systems.