Bill > SF3594

This bill modifies the duties of the school trust lands director and alters the reporting requirements to the Legislative Permanent School Fund Commission, which is a body that oversees the state's permanent school fund, a source of funding for public schools. Specifically, the bill removes the requirement for the director to submit an annual budget and management plan to the commission and instead mandates that the director submit a written report by January 15 each year to the commission. This report will inform beneficiaries, the governor, the legislature, and the public about the director's efforts in sustainable asset management, school trust land management activities and new revenue opportunities, the financial status of trust land assets, and recommended statutory changes to improve performance. The bill also requires the commissioners of natural resources and education to provide the necessary data for this report, and it will take effect on July 1, 2026.

Education

https://www.revisor.mn.gov/bills/94/2026/0/SF/3594/