Minnesota § 162.16 INVESTMENT OF MONEY IN STATE-AID FUNDS

Minnesota Statutes

§ 162.16 — INVESTMENT OF MONEY IN STATE-AID FUNDS

Minnesota § 162.16

PartTRANSPORTATION

Ch. 162STATE-AID ROAD SYSTEMS

This text of Minnesota § 162.16 (INVESTMENT OF MONEY IN STATE-AID FUNDS) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 162.16 (2026).

Text

Upon the request of the commissioner, money in the county state-aid highway fund and money in the municipal state-aid street fund shall be invested by the State Board of Investment in those securities authorized for such purpose in section11A.21. All interest and profits from the investments shall be credited to the fund on which the interest or profits are earned. The commissioner of management and budget shall be the custodian of all securities purchased under the provisions of this section.

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Upon the request of the commissioner, money in the county state-aid highway fund and money in the municipal state-aid street fund shall be invested by the State Board of Investment in those securities authorized for such purpose in section11A.21. All interest and profits from the investments shall be credited to the fund on which the interest or profits are earned. The commissioner of management and budget shall be the custodian of all securities purchased under the provisions of this section.