Minnesota HF3900 proposes a constitutional amendment to modify the permanent school fund's investment and distribution policy.
Minnesota HF3900 proposes an amendment to the state constitution to change how the permanent school fund is managed and distributed. The amendment specifies that the fund's distributable earnings will be calculated based on interest and dividends from investments. If the sale of securities results in a net gain, the gain will be apportioned over ten fiscal years to offset future losses. If there is a net loss, it will be recovered from gains and then from interest and dividend income over the next ten fiscal years.
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- Critical Issues
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