2005 Minnesota Statutes

     352B.03 Officers, duties. 

    Subdivision 1.    Officers.  The policy-making, 
 management, and administrative functions governing the operation 
 of the State Patrol retirement fund are vested in the board of 
 directors and executive director of the Minnesota State 
 Retirement System with duties, authority, and responsibility as 
 provided in chapter 352.  Fiduciary activities of the fund must 
 be undertaken in a manner consistent with chapter 356A. 

    Subd. 2.    Duties of commissioner of finance.  The 
 commissioner of finance is ex officio treasurer of the State 
 Patrol retirement fund.  The commissioner of finance's general 
 bond to the state covers all liability for actions as treasurer 
 of the fund. 

    All money of the fund received by the commissioner of 
 finance under this chapter must be set aside in the state 
 treasury and credited to the State Patrol retirement fund.  The 
 commissioner of finance shall transmit, monthly, to the 
 director, a detailed statement showing all credits to and 
 disbursements from the fund.  The commissioner of finance shall 
 disburse money from the fund only upon vouchers signed by the 
 director.  

    HIST: 1943 c 637 s 2; 1973 c 178 s 3; 1973 c 492 s 14; 1975 c 
 368 s 37,38; 1981 c 37 s 2; 1981 c 224 s 274; 1983 c 128 s 21; 
 1986 c 444; 1987 c 229 art 7 s 1; 1989 c 319 art 8 s 13; 2003 c 
 112 art 2 s 40