1.1 	A bill for an act
1.2 	relating to education; managing school trust fund lands; improving the returns 
1.3 	for school trust fund lands; redefining the mission of the Permanent School Fund 
1.4 	Advisory Committee; providing a report;amending Minnesota Statutes 2006, 
1.5 	sections 84.027, by adding a subdivision; 127A.30.
1.6 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.7 	Section 1. Minnesota Statutes 2006, section 84.027, is amended by adding a 
1.8 	subdivision to read:
1.9 		Subd. 18.Permanent school fund authority and designee. The commissioner 
1.10 	of natural resources has authority and responsibility for the administration of permanent 
1.11 	school fund lands under sections 92.121 and 127A.31. The commissioner shall annually 
1.12 	report to the Permanent School Fund Advisory Committee on ways to maximize the 
1.13 	revenue generated from school trust fund lands. The commissioner shall designate a 
1.14 	permanent professional staff position whose duty shall be to accelerate land exchanges, 
1.15 	land sales, and commercial leasing of school trust lands, and to manage the trust lands 
1.16 	to maximize the long-term economic return for the permanent school fund lands. The 
1.17 	permanent professional staff position shall also serve as a nonvoting member of the 
1.18 	Permanent School Fund Advisory Committee and shall assist the committee with the 
1.19 	preparation of the report required under section 127A.30.

1.20 	Sec. 2. Minnesota Statutes 2006, section 127A.30, is amended to read:
1.21 	127A.30 PERMANENT SCHOOL FUND ADVISORY COMMITTEE.
1.22 		Subdivision 1. Membership.  A state Permanent School Fund Advisory Committee 
1.23 	is established to advise the Department of Natural Resources on the management of 
2.1 	permanent school fund land, which is held in trust for the school districts of the state. 
2.2 	The advisory committee must consist of the following persons or their designees: the 
2.3 	chairs of the education committees of the legislature,: the chairs of the legislative 
2.4 	committees with jurisdiction over K-12 education policy and budget, the chairs of the 
2.5 	legislative committees with jurisdiction over the environment and natural resources, the 
2.6 	chairs chair  of the senate Committee on Finance and the chair of the  house Committee 
2.7 	on Ways and Means, the commissioner of education or the commissioner's designee, 
2.8 	one superintendent from a nonmetropolitan district, and one superintendent from a 
2.9 	metropolitan area district one person with an expertise in forestry, one person with an 
2.10 	expertise in minerals and mining, one person with an expertise in real estate development, 
2.11 	one person with an expertise in renewable energy, and one person with an expertise in 
2.12 	finance and land management. The school district superintendents shall be appointed by 
2.13 	the commissioner of education, with the advice of and after consultation with the chairs of 
2.14 	the legislative committees with jurisdiction over K-12 education policy and budget. The 
2.15 	committee members with areas of expertise in forestry, minerals and mining, real estate 
2.16 	development, renewable energy, and finance and land management shall be appointed by 
2.17 	the commissioner of natural resources, with the advice of and after consultation with the 
2.18 	chairs of the legislative committees with jurisdiction over the environment and natural 
2.19 	resources. Members of the legislature shall be given the opportunity to recommend 
2.20 	candidates for vacancies on the committee to the commissioners of education and natural 
2.21 	resources. The advisory committee must also include a nonvoting professional staff person 
2.22 	appointed by the commissioner of natural resources, under section 84.027, subdivision 
2.23 	18. This nonvoting member shall provide the committee with professional advice and 
2.24 	technical support on issues of permanent school fund land management. The members of 
2.25 	the Permanent School Fund Advisory Committee shall elect their chairperson.
2.26 		Subd. 2. Duties.  The advisory committee shall review the policies of the 
2.27 	Department of Natural Resources and current statutes on management of school trust fund 
2.28 	lands at least semiannually annually and shall recommend necessary changes in statutes, 
2.29 	policy, and implementation in order to ensure provident utilization of the permanent 
2.30 	school fund lands. By January 15 of each year, the advisory committee shall submit a 
2.31 	report and any necessary draft legislation to the legislature with recommendations for the 
2.32 	management of school trust lands to secure long-term economic return for the permanent 
2.33 	school fund, consistent with sections 92.121 and 127A.31. The committee's annual report 
2.34 	must include recommendations to:
2.35 	(1) improve the efficiency of the Department of Natural Resources' management of 
2.36 	school trust fund lands;
3.1 	(2) reduce expenditures that are used to manage school trust fund lands and 
3.2 	maximize the revenues deposited in the permanent school trust fund;
3.3 	(3) accelerate land exchanges, land sales, and commercial leasing of school trust 
3.4 	lands; and
3.5 	(4) manage the school trust lands to maximize the long-term economic return for 
3.6 	the permanent school trust fund.
3.7 		Subd. 3.Duration.  Notwithstanding section 15.059, subdivision 5, the advisory 
3.8 	committee is permanent and does not expire.