Minnesota Legislature
Office of the Revisor of Statutes
2006 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
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.
History: 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
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.
History: 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
Official Publication of the State of Minnesota
Revisor of Statutes