The State Board of Investment may invest and reinvest any portions of the State Patrol retirement fund not needed for immediate purposes. The executive director of the Minnesota State Retirement System shall determine what funds may be invested. Money may be invested in securities authorized as legal investments for the Minnesota State Retirement System. The state board may sell, convey, and exchange securities and invest and reinvest the funds when it deems it desirable to do so. The state board shall sell securities upon request from the executive director when the executive director determines funds are needed for its purposes. Provisions regarding accounting procedures and restrictions and conditions for the purchase and sale of securities for the Minnesota State Retirement System apply to the accounting, purchase, and sale of securities for the State Patrol retirement fund.
1943 c 637 s 4; 1961 c 380 s 4; 1965 c 305 s 3; 1973 c 178 s 5; 1978 c 562 s 2; 1981 c 37 s 2; 1981 c 224 s 274; 1983 c 128 s 22; 1987 c 229 art 7 s 1; 2022 c 65 art 9 s 4
Structure Minnesota Statutes
Chapters 352 - 356B — Retirement
Chapter 352B — State Patrol Retirement Fund
Section 352B.011 — Definitions.
Section 352B.013 — Authorized Leave Of Absence Service Credit Purchase Procedure.
Section 352B.02 — State Patrol Retirement Fund.
Section 352B.03 — Officers, Duties.
Section 352B.05 — Investments.
Section 352B.07 — Actions By Or Against The Governing Board Of The Retirement Plan.
Section 352B.071 — Exemption From Process.
Section 352B.085 — Service Credit For Certain Disability Leaves Of Absence.
Section 352B.086 — Federally Protected Purchase Of Service Credit For Periods Of Military Service.
Section 352B.087 — State-authorized Purchase Of Service Credit For Periods Of Military Service.
Section 352B.10 — Disability Benefits.
Section 352B.101 — Application For Disability Benefit.
Section 352B.105 — Termination Of Disability Benefits.
Section 352B.25 — Continuing Appropriation; Payment Of Pension Funds.