Minnesota SF3593 proposes a constitutional amendment to modify the permanent school fund's investment, management, and distribution policy.

Minnesota SF3593 proposes a constitutional amendment to modify the permanent school fund's investment, management, and distribution policy. If adopted, the amendment will redefine the permanent school fund's composition and specify a distribution policy designed to provide annual distributions while preserving the fund's purchasing power. The amendment also mandates the creation of a board of investment to oversee the fund's management, prohibiting the use of state funds for underwriting or purchasing municipal securities.

Minnesota SF3593 proposes a constitutional amendment to modify the permanent school fund's investment, management, and distribution policy.

Minnesota SF3593 proposes a constitutional amendment to modify the permanent school fund's investment, management, and distribution policy. If adopted, the amendment will redefine the permanent school fund's composition and specify a distribution policy designed to provide annual distributions while preserving the fund's purchasing power. The amendment also mandates the creation of a board of investment to oversee the fund's management, prohibiting the use of state funds for underwriting or purchasing municipal securities.