Minnesota SF4572 modifies the State Board of Investment's billing, expenses, and reporting practices.

Minnesota SF4572 amends the State Board of Investment's practices for billing, expenses, and reporting. The bill modifies the apportionment of annual expenses, requiring them to be charged to the state general fund, retirement funds, and other funds based on investment earnings. It also mandates that the executive director apportion expenses among specific funds proportionally based on weighted average assets. The bill requires the state board to report on its activities and include an executive summary on its website.

Minnesota SF4572 modifies the State Board of Investment's billing, expenses, and reporting practices.

Minnesota SF4572 amends the State Board of Investment's practices for billing, expenses, and reporting. The bill modifies the apportionment of annual expenses, requiring them to be charged to the state general fund, retirement funds, and other funds based on investment earnings. It also mandates that the executive director apportion expenses among specific funds proportionally based on weighted average assets. The bill requires the state board to report on its activities and include an executive summary on its website.