2005 Minnesota Statutes - 352B.05 — Investments.

     352B.05 Investments. 


    The State Board of Investment may invest and reinvest any 
 portions of the State Patrol retirement fund not needed for 
 immediate purposes.  The executive director shall determine what 
 funds may be invested.  Money may be invested in securities 
 authorized as legal investments for the Minnesota State 
 Retirement System.  The state board may sell, convey, and 
 exchange securities and invest and reinvest the funds when it 
 deems it desirable to do so.  The state board shall sell 
 securities upon request from the executive director when the 
 executive director determines funds are needed for its purposes. 
 Provisions regarding accounting procedures and restrictions and 
 conditions for the purchase and sale of securities for the 
 Minnesota State Retirement System apply to the accounting, 
 purchase, and sale of securities for the State Patrol retirement 
 fund.  


    HIST: 1943 c 637 s 4; 1961 c 380 s 4; 1965 c 305 s 3; 1973 c 
 178 s 5; 1978 c 562 s 2; 1981 c 37 s 2; 1981 c 224 s 274; 1983 c 
 128 s 22; 1987 c 229 art 7 s 1