State Board of Investment; billing, expenses, and reporting practices modified.

Summary

The legislation revises the duties of the State Board of Investment and its executive director, adding new reporting requirements, expense‑billing rules, and transparency measures. It requires public disclosure of board actions, performance fees, and allows the board to retain investment advisors while setting conflict‑of‑interest policies. The changes affect the board, its staff, investment managers, and Minnesota taxpayers.

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