2025 Session Last amended: 1998 session

§ 127A.31 — Goal of the Permanent School Fund

Plain-Language Summary

This section states the legislature's goal for Minnesota's permanent school fund: to earn the best long-term return possible consistent with the state's constitutional duties as trustee, sound conservation of natural resources, and other state policies. The fund exists to benefit public schools through the earnings it generates.

127A.31 GOAL OF THE PERMANENT SCHOOL FUND.

The legislature intends that it is the goal of the permanent school fund to secure the maximum long-term economic return from the school trust lands consistent with the fiduciary responsibilities imposed by the trust relationship established in the Minnesota Constitution, with sound natural resource conservation and management principles, and with other specific policy provided in state law.

History:

1985 c 116 s 2; 1998 c 397 art 4 s 51

History: History: 1985 c 116 s 2; 1998 c 397 art 4 s 51

Practical Notes

The permanent school fund is invested land and other assets that generate money for schools. The goal is maximum long-term returns, not just short-term gains. Anyone managing school trust lands must balance earning money today with preserving the asset for future students.

Source: Minnesota Office of the Revisor of Statutes