Chapter 11A — Statement of Purpose

11A.01 Statement of Purpose This section states the purpose of Chapter 11A, which creates the State Board of Investment (SBI) to manage Minnesota's … 11A.02 Definitions This section defines key terms used throughout Chapter 11A, which governs the State Board of Investment. Defined terms … 11A.03 State Board; Membership; Organization This section establishes the composition and organization of the State Board of Investment. The board consists of the … 11A.04 Duties and Powers; Appropriation This section describes the duties and powers of the State Board of Investment, including its authority to invest public … 11A.041 This section was repealed by the Legislature in 2009. The statutory text no longer has any legal effect. It is retained … 11A.07 Executive Director This section establishes the position of Executive Director of the State Board of Investment and outlines the director's … 11A.075 Disclosure of Expense Reimbursement This section requires the State Board of Investment to publicly disclose expense reimbursements paid to board members … 11A.08 Investment Advisory Council This section creates the Investment Advisory Council, which advises the State Board of Investment on investment policy … 11A.09 Standard of Care This section establishes the standard of care — the prudent-investor rule — that the State Board of Investment and … 11A.10 Duties of Other Officials This section describes the duties of state officials other than the board itself, such as the commissioner of finance, … 11A.11 Investment and Expense Appropriation This section provides a standing appropriation for the expenses of the State Board of Investment and authorizes funds … 11A.12 Gains and Losses; Disposition This section governs how investment gains and losses are allocated and recorded across the various public funds managed … 11A.13 Assets and Documentation This section requires the State Board of Investment to maintain proper documentation of all investment assets and … 11A.14 Minnesota Combined Investment Funds This section establishes the Minnesota Combined Investment Funds, a pooled investment vehicle that combines assets from … 11A.15 State Bond Fund This section governs the State Bond Fund, which holds proceeds from state bond sales and is managed by the State Board … 11A.16 Permanent School Fund This section governs the Permanent School Fund, a permanent endowment that supports Minnesota's public schools. The fund … 11A.17 Minnesota Supplemental Investment Fund This section creates the Minnesota Supplemental Investment Fund, which allows governmental entities to invest money they … 11A.18 This section was repealed by the Legislature in 2009. The statutory text no longer has any legal effect. It is retained … 11A.181 This section was repealed by the Legislature in 2009. The statutory text no longer has any legal effect. It is retained … 11A.19 This section was repealed by the Legislature in 1990. All subdivisions of this section have been formally repealed and … 11A.20 Investment of State Treasury Funds Not Currently Needed This section authorizes the State Board of Investment to invest state treasury funds that are not currently needed to … 11A.21 Investment of Highway Funds This section governs the investment of funds in the Highway Fund, which is used to build and maintain Minnesota's road … 11A.22 This section was repealed by the Legislature in 1989. The statutory text no longer has any legal effect. It is retained … 11A.23 Investment of Retirement Funds and Plans This section authorizes and governs the investment of Minnesota's public retirement fund assets by the State Board of … 11A.235 Account for Investment of Certain Duluth Funds or Assets This section creates a special investment account for certain funds belonging to the City of Duluth, allowing those … 11A.236 Account to Invest Financial Assurance Money From Permits to Mine This section creates an investment account for financial assurance money collected from companies that hold permits to … 11A.24 Authorized Investments This section lists the types of investments that the State Board of Investment is authorized to make with public funds. … 11A.241 Investment in Northern Ireland This section addresses the investment of state retirement funds in companies doing business in Northern Ireland. It … 11A.243 This section was transferred or repealed effective 2007. The statutory text no longer has any legal effect at this … 11A.244 Investment in Iran This section prohibits or restricts the State Board of Investment from investing public pension funds in companies that … 11A.245 Investment in Russia and Belarus This section was enacted in 2022 in response to Russia's invasion of Ukraine and prohibits the State Board of Investment … 11A.25 Additional Investment Provisions This section provides additional rules and conditions that apply to specific types of investments made by the State … 11A.27 This section was added in 2025 and contains provisions governing a specific investment program or requirement added by …