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The director shall, from time to time, certify to the State Board of Investment any portions
of the state employees retirement fund that in the judgment of the director are not required for
immediate use. Assets from the state employees retirement fund must be transferred to the
Minnesota postretirement investment fund as provided in section 11A.18. The State Board of
Investment shall invest and reinvest sums so transferred, or certified, in securities that are duly
authorized legal investments under section 11A.24.
History: 1967 c 404 s 7; Ex1967 c 57 s 14; 1969 c 893 s 6; 1980 c 607 art 14 s 45 subd 2; s
46; 1986 c 444; 1987 c 229 art 6 s 1