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Committee advances bill to tighten reporting, oversight of school trust lands director
Summary
Senators advanced SF 3594 to clarify the director’s reporting duties and improve transparency of the permanent school fund after an Office of School Trust Lands director briefed members on falling mineral revenues and recommendations for asset-management improvements.
The Senate Education Policy Committee voted Feb. 23 to send Senate File 3594 to the Environment, Climate & Legacy Committee after lawmakers and the Office of School Trust Lands director discussed changes to reporting, transparency and fiduciary responsibilities for the permanent school fund.
Senator Hochschild, presenting a bill authored by Senator Cooney, said SF 3594 updates Minnesota statutes to strengthen transparency, accountability and fiduciary…
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