2005 Minnesota Statutes - 115B.421 — Closed landfill investment fund.

     115B.421 Closed landfill investment fund. 


    The closed landfill investment fund is established in the 
 state treasury.  The fund consists of money credited to the 
 fund, and interest and other earnings on money in the fund.  The 
 commissioner of finance shall transfer an initial amount of 
 $5,100,000 from the balance in the solid waste fund beginning in 
 fiscal year 2000 and shall continue to transfer $5,100,000 for 
 each following fiscal year, ceasing after 2003.  Beginning July 
 1, 2003, funds must be deposited as described in section 
 115B.445.  The fund shall be managed to maximize long-term gain 
 through the State Board of Investment.  Money in the fund may be 
 spent by the commissioner after fiscal year 2020 in accordance 
 with sections 115B.39 to 115B.444.  


    HIST: 1999 c 231 s 143; 2003 c 128 art 2 s 30