HF 2723

as introduced - 89th Legislature (2015 - 2016) Posted on 03/10/2016 03:17pm

A bill for an act
relating to metropolitan government; requiring that the metropolitan landfill
contingency action trust account be managed to maximize long-term gain;
amending Minnesota Statutes 2014, section 473.845, subdivision 1.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2014, section 473.845, subdivision 1, is amended to read:

Subdivision 1.

Establishment.

The metropolitan landfill contingency action trust
account is an expendable trust account in the remediation fund. The account consists
of revenue deposited in the account under section 473.843, subdivision 2, clause (2);
amounts recovered under subdivision 7; and interest earned on investment of money in
the account. new text begin The account must be managed to maximize long-term gain through the
State Board of Investment.
new text end