<a id="pl.1.3"></a><var>1.3</var>landfill investment fund;amending Minnesota Statutes 2012, section 115B.421.<br/>
<a id="pl.1.4"></a><var>1.4</var>BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:<br/>
<br/>
<a id="bill.0.1.0"></a><a id="pl.1.5"></a><var>1.5</var>    Section 1. Minnesota Statutes 2012, section 115B.421, is amended to read:<br/>
<a id="pl.1.6"></a><var>1.6</var><b>115B.421 CLOSED LANDFILL INVESTMENT FUND.</b><br/>
<a id="pl.1.7"></a><var>1.7</var>The closed landfill investment fund is established in the state treasury. The fund <br/>
<a id="pl.1.8"></a><var>1.8</var>consists of money credited to the fund, and interest and other earnings on money in the <br/>
<a id="pl.1.9"></a><var>1.9</var>fund. The commissioner of management and budget shall transfer an initial amount of <br/>
<a id="pl.1.10"></a><var>1.10</var>$5,100,000 from the balance in the solid waste fund beginning in fiscal year 2000 and <br/>
<a id="pl.1.11"></a><var>1.11</var>shall continue to transfer $5,100,000 for each following fiscal year, ceasing after 2003.<br/>
<a id="pl.1.12"></a><var>1.12</var> Beginning July 1, 2003, funds must be deposited as described in section 
         <statute_ref>115B.445</statute_ref>. The <br/>
<a id="pl.1.13"></a><var>1.13</var>fund shall be managed to maximize long-term gain through the State Board of Investment. <br/>
<a id="pl.1.14"></a><var>1.14</var>Money in the fund may be spent by the commissioner after fiscal year 2020 in accordance <br/>
<a id="pl.1.15"></a><var>1.15</var>with sections 
         <statute_ref>115B.39</statute_ref> to 
         <statute_ref>115B.444</statute_ref>.<br/>