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MN

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SR 67

Confirm governor's appointee for the board of investments

2025 Regular Session Introduced by Mark Noland

SR 67 confirms the Governor's appointee to the Board of Investments, ensuring effective management of state funds and maintaining the board's integrity and functionality.

(S) Filed with Secretary of State
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Bill Summary · SR 67

Summary of SR 67 - Confirm Governor's Appointee for the Board of Investments

Bill Number: SR 67
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 67 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 individual selected by the Governor is officially recognized and approved by the legislature, thereby allowing them to fulfill their role on the Board.

Key Provisions

  • Confirmation of Appointee: The resolution specifically addresses the appointment made by the Governor, providing legislative approval necessary for the appointee to assume their position on the Board of Investments.
  • Board of Investments Role: The Board of Investments is responsible for overseeing the investment of state funds, ensuring that investments are managed prudently and in the best interest of the state.

Legislative Actions

The following timeline outlines the key actions taken regarding SR 67:

  • March 04, 2025: Bill introduced and referred to the Business, Labor and Economic Affairs Committee.
  • March 19, 2025: First reading of the bill in the Senate.
  • March 28, 2025: A hearing was held by the Business, Labor and Economic Affairs Committee.
  • April 02, 2025: The committee adopted the resolution following executive action.
  • April 03, 2025: The resolution was reported and adopted by the Senate.
  • April 05, 2025: The resolution was sent to enrolling and subsequently adopted.
  • April 07, 2025: Returned from enrolling.
  • April 13, 2025: Signed by the President of the Senate.
  • April 15, 2025: Filed with the Secretary of State.

Impact

The resolution affects the governance of state investment practices by ensuring that the Governor's appointee is officially recognized. This confirmation is crucial for maintaining the integrity and functionality of the Board of Investments, which plays a vital role in managing state financial resources.

Conclusion

SR 67 is a legislative resolution aimed at confirming the Governor's appointee to the Board of Investments, ensuring that the appointed individual can effectively contribute to the management of state investments. The bill has successfully passed through the necessary legislative processes and is now filed with the Secretary of State, marking a significant step in the governance of public investment in the state.

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

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