2005 Minnesota Statutes - 298.294 — Investment of fund.

     298.294 Investment of fund. 


    The trust fund established by section 298.292 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 
 298.292.  Amounts appropriated pursuant to this section shall 
 not cancel but shall remain available unless expended.  


    HIST: 1977 c 423 art 10 s 28; 3Sp1981 c 2 art 7 s 6; 2Sp1982 c 
 2 s 7; 1983 c 46 s 3