Minnesota § 116T.03 CORPORATE PERSONNEL

Minnesota Statutes

§ 116T.03 — CORPORATE PERSONNEL

Minnesota § 116T.03

PartBUSINESS DEVELOPMENT

Ch. 116TNORTHERN TECHNOLOGY INITIATIVE, INC.

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Bluebook

Minn. Stat. § 116T.03 (2026).

Text

Subdivision 1.Generally.
The board shall appoint and set the compensation for the executive director who serves as chief executive officer of the corporation. The compensation of the executive director may not exceed 85 percent of the governor's salary. The board may designate the executive director as its general agent. Subject to the approval of the board, the executive director shall employ staff consultants and other agents necessary to carry out the mission of the corporation.

Subd. 2.Status of employees.
Employees, officers, and directors of the corporation are not state employees, but are covered by section3.736and, at the option of the board, employees may participate in the state retirement plan for employees in the unclassified service, the state deferred compensation plan, and

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Subdivision 1.Generally.
The board shall appoint and set the compensation for the executive director who serves as chief executive officer of the corporation. The compensation of the executive director may not exceed 85 percent of the governor's salary. The board may designate the executive director as its general agent. Subject to the approval of the board, the executive director shall employ staff consultants and other agents necessary to carry out the mission of the corporation.

Subd. 2.Status of employees.
Employees, officers, and directors of the corporation are not state employees, but are covered by section3.736and, at the option of the board, employees may participate in the state retirement plan for employees in the unclassified service, the state deferred compensation plan, and an insurance plan administered by the commissioner of management and budget.