298.294 INVESTMENT OF FUND.
The trust fund established by section
shall be invested pursuant to law by the
State Board of Investment and the net interest, dividends, and other earnings arising from the
investments shall be transferred on the first day of each month to the trust and shall be included
and become part of the trust fund. The amounts transferred, including the interest, dividends, and
other earnings earned prior to July 13, 1982, together with the additional amount of $10,000,000
for fiscal year 1983, which is appropriated April 21, 1983, are appropriated from the trust fund to
the commissioner of Iron Range resources and rehabilitation for deposit in a separate account for
expenditure for the purposes set forth in section
. Amounts appropriated pursuant to this
section shall not cancel but shall remain available unless expended.
History: 1977 c 423 art 10 s 28; 3Sp1981 c 2 art 7 s 6; 2Sp1982 c 2 s 7; 1983 c 46 s 3