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    Subdivision 1. Custody of securities. The commissioner of finance and other custodians of
securities belonging to the various funds shall provide in the appropriate cases the state board and
its delegates with reasonable access thereto. Each security shall be held as an asset of the fund
from which the investment expenditure was made.
    Subd. 2. Escheated property. The commissioner of finance shall report immediately to the
state board all personal property other than money received by the state of Minnesota as escheated
property. If the state board elects to sell escheated property, all money received from the sale shall
be credited to the general fund of the state.
    Subd. 3. Audits. State audits of the activities of the state board and its delegates shall be
conducted by the legislative auditor.
    Subd. 4. Office space. The commissioner of administration shall provide the director and
staff with suitable office and storage space in the State Capitol complex as near as practicable
to the office of the commissioner of finance.
History: 1980 c 607 art 14 s 8; 2003 c 112 art 2 s 50

Official Publication of the State of Minnesota
Revisor of Statutes