Legislative Session number- 85

Bill Name: HF3142

HF 3142

FIRST ENGROSSMENT

State Board of Investment encouraged to make certain
of its venture capital investments in Minnesota businesses, and report
required.

Section 1: Minnesota venture capital investments language is added.
The board must attempt to ensure that at least one percent of the value of its
private equity investments are in venture capital businesses, a majority of
whose employees are in Minnesota. The board must present a report to the
legislature regarding compliance.

Section 2: Effective date is provided.

SNA
2/28/08