This text of Minnesota § 92.69 (ENDOWMENT ACCOUNT) 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.
Subdivision 1.Proceeds of land acquisition account.
To ensure educational opportunities provided by Minnesota scientific and natural areas as described in section86A.05, subdivision 5, are adequately available for present and future generations, the proceeds received under Laws 1986, chapter 449, sections 1 to 3 that are credited to the land acquisition account under section94.165must be spent on scientific and natural areas.
Subd. 2.Account.
(a)A natural areas legacy endowment account is established in the state treasury. The commissioner of natural resources shall accept private contributions for educational opportunities provided by scientific and natural areas and deposit the contributions in the account. The principal deposited in the account shall be retained in the endowment acco
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Subdivision 1.Proceeds of land acquisition account.
To ensure educational opportunities provided by Minnesota scientific and natural areas as described in section86A.05, subdivision 5, are adequately available for present and future generations, the proceeds received under Laws 1986, chapter 449, sections 1 to 3 that are credited to the land acquisition account under section94.165must be spent on scientific and natural areas.
Subd. 2.Account.
(a) A natural areas legacy endowment account is established in the state treasury. The commissioner of natural resources shall accept private contributions for educational opportunities provided by scientific and natural areas and deposit the contributions in the account. The principal deposited in the account shall be retained in the endowment account.
(b) The interest from the principal may be spent by the commissioner of natural resources for the protection, management, and inventory of lands with rare and endangered species or undisturbed plant communities that qualify as state scientific and natural areas under section86A.05, subdivision 5.