Legislative Session number- 81

Bill Name: SF2795

E Modifying certain provisions regulating state investments; expanding
authorized state board of investment corporate stock investments to stock or
convertible issues of corporations listed on exchanges regulated by federal or
Canadian governmental agencies; authorizing an increased percentage investment
in closed end mutual fund shares; authorizing the board to invest in trusts,
private placements and limited liability corporations, companies and
partnerships; modifying certain investment options for the medical education and
tobacco use prevention and local public health endowment funds, authorizing the
Minnesota state colleges and universities (MnSCU) board of trustees to enter
into joint venture agreements with private corporations to develop educational
materials and related programs or services including equity investments,
clarifying state liability arising from investments and requiring annual reports
to the legislature regarding earnings and earnings disposition; creating an
exception to the requirement for the principal of the tobacco settlement funds
to be maintained inviolate (mk)