2000 Minnesota Code
Chapters 352 - 356A Retirement
Chapter 352B State Troopers, Retirement
Section 352B.03 Officers, duties.

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 treasurer. The state treasurer is ex officio treasurer of the state patrol retirement fund. The treasurer's general bond to the state covers all liability for actions as treasurer of the fund.

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