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(a) Notwithstanding any law to the contrary, any public pension plan whose assets are not
invested by the State Board of Investment may invest its funds in Minnesota situs nonfarm real
estate ownership interests or loans secured by mortgages or deeds of trust if the investment
is consistent with section 356A.04.
(b) Except to the extent authorized in the case of the Minneapolis Employees Retirement
Fund under section 422A.05, subdivision 2c, paragraph (a), an investment otherwise authorized
by this section must also comply with the requirements and limitations of section 11A.24,
subdivision 6
History: 2002 c 392 art 11 s 46

Official Publication of the State of Minnesota
Revisor of Statutes