1998 Minnesota Statutes

     353.05 Custodian of funds. 

    The state treasurer shall be ex officio treasurer of the 
 retirement funds of the association and the treasurer's general 
 bond to the state shall be so conditioned as to cover all 
 liability for acts as treasurer of these funds.  All moneys of 
 the association received by the treasurer shall be set aside in 
 the state treasury to the credit of the proper fund.  The 
 treasurer shall transmit monthly to the executive director a 
 detailed statement of all amounts so received and credited to 
 the fund.  Payments out the fund shall be made only on warrants 
 issued by the commissioner of finance, upon abstracts signed by 
 the executive director; provided that abstracts for investment 
 may be signed by the secretary of the state board of investment. 

    HIST: (254-27) 1931 c 307 s 5; 1959 c 650 s 58; 1971 c 106 s 
 12; 1974 c 229 s 10; 1975 c 102 s 6; 1986 c 444