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Minnesota Legislature

Office of the Revisor of Statutes

256.89 FUND DEPOSITED IN STATE TREASURY.
The social welfare fund and all accretions thereto shall be deposited in the state treasury,
as a separate and distinct fund, to the credit of the commissioner of human services as trustee
for the beneficiaries thereof in proportion to their several interests. The commissioner of finance
shall be responsible only to the commissioner of human services for the sum total of the fund, and
shall have no duties nor direct obligations toward the beneficiaries thereof individually. Subject to
the rules of the commissioner of human services money so received by a local social services
agency may be deposited by the executive secretary of the local social services agency in a local
bank carrying federal deposit insurance, designated by the local social services agency for this
purpose. The amount of such deposit in each such bank at any one time shall not exceed the
amount protected by federal deposit insurance.
History: (4463) 1923 c 106 s 2; 1939 c 8 s 2; 1984 c 654 art 5 s 58; 1985 c 248 s 70; 1994
c 631 s 31; 2003 c 112 art 2 s 50