WeVote
Log In

Bill

MN

Bill

SR 60

Confirm governor's appointee for the board of investments

2025 Regular Session Introduced by Mark Noland

SR 60 confirms the Governor's appointee to the Board of Investments, ensuring effective oversight and governance of state investment strategies and public funds.

(S) Filed with Secretary of State
#legislature #publicofficersandemployees
0
WeVote Research Nonpartisan
Bill Summary · SR 60

Summary of SR 60 - Confirm Governor's Appointee for the Board of Investments

Bill Overview

  • Bill Number: SR 60
  • Title: Confirm Governor's Appointee for the Board of Investments
  • Status: Filed with Secretary of State
  • Introduced: March 04, 2025
  • Classification: Resolution
  • Subject: Legislature, Public Officers and Employees

Purpose and Intent

The primary purpose of SR 60 is to confirm the Governor's appointee to the Board of Investments. This resolution is a formal step in the legislative process to ensure that the appointed individual is recognized and approved by the legislative body, thereby legitimizing their role in overseeing the state's investment strategies and policies.

Key Provisions

  • Confirmation Process: The resolution outlines the process for confirming the Governor's appointee, which includes:

    • A hearing conducted by the Senate's Business, Labor, and Economic Affairs Committee.
    • A series of legislative actions culminating in the adoption of the resolution.

  • Adoption Timeline: The resolution was adopted on April 5, 2025, following a series of procedural steps including:

    • Committee hearings and reports.
    • A second reading and subsequent adoption by the Senate.

Legislative Actions Timeline

  • March 04, 2025: Bill introduced.
  • March 18, 2025: First reading and referral to the Business, Labor, and Economic Affairs Committee.
  • March 28, 2025: Committee hearing held.
  • April 02, 2025: Committee executive action taken; resolution adopted.
  • April 05, 2025: Resolution adopted by the Senate and sent for enrolling.
  • April 07, 2025: Returned from enrolling.
  • April 13, 2025: Signed by the President.
  • April 15, 2025: Filed with the Secretary of State.

Impact

The resolution affects the governance of the Board of Investments by ensuring that the Governor's appointee is officially recognized and can participate in decision-making processes regarding state investments. This confirmation is crucial for maintaining the integrity and functionality of the Board, which plays a significant role in managing public funds and investments.

Related Legislation

  • LC 4425: This bill is noted as a replacement for SR 60, indicating that there may be further developments or modifications to the original resolution.

In summary, SR 60 serves as a critical legislative measure to confirm the Governor's appointee to the Board of Investments, ensuring proper oversight and governance in the management of state investments.

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.