as introduced - 91st Legislature (2019 - 2020) Posted on 03/20/2019 03:39pm
A bill for an act
relating to environment; modifying closed landfill investment fund procedures;
amending Minnesota Statutes 2018, section 115B.421.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2018, section 115B.421, is amended to read:
The closed landfill investment fund is established in the state treasury. The fund consists
of money credited to the fund, and interest and other earnings on money in the fund.
Beginning July 1, 2003, funds must be deposited as described in section 115B.445. The
fund shall be managed to maximize long-term gain through the State Board of Investment.
Money in the fund may new text beginnew text endbe spent deleted text beginby the commissionerdeleted text end after fiscal year 2020 in
accordance with sections 115B.39 to 115B.444new text beginnew text end.