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MN

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SR 64

Confirm governor's appointee for the board of investments

2025 Regular Session Introduced by Mark Noland

SR 64 confirms the governor's appointee to the Board of Investments, ensuring qualified oversight of state funds and supporting the state's financial health and economic strategy.

(S) Filed with Secretary of State
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Bill Summary · SR 64

Summary of SR 64: Confirm Governor's Appointee for the Board of Investments

Bill Overview

Bill Number: SR 64
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

The purpose of SR 64 is to confirm the governor's appointee to the Board of Investments, which is responsible for overseeing the investment of state funds. This resolution is a procedural step in the legislative process that ensures the appointee is officially recognized and authorized to serve in this capacity.

Key Provisions

  • Confirmation of Appointee: The resolution specifically addresses the confirmation of a designated individual appointed by the governor to the Board of Investments.
  • Legislative Process: The resolution must go through several legislative steps, including committee review and adoption by the Senate.

Legislative Actions Timeline

  • March 04, 2025: Bill introduced and assigned to the Legislative Council for drafting.
  • March 19, 2025: First reading of the bill and referral to the Business, Labor and Economic Affairs Committee.
  • March 28, 2025: Hearing held by the committee to discuss the resolution.
  • April 02, 2025: The committee adopted the resolution after executive action and reported it favorably.
  • April 05, 2025: The resolution was adopted by the Senate and sent for enrolling.
  • April 07, 2025: Returned from enrolling, indicating it was prepared for final processing.
  • April 13, 2025: Signed by the President of the Senate.
  • April 15, 2025: Filed with the Secretary of State, completing the legislative process.

Impact

The confirmation of the governor's appointee to the Board of Investments is significant as it ensures that the board is fully staffed with qualified individuals who can make informed decisions regarding the management of state investments. This can have implications for the financial health of state funds and the overall economic strategy of the state.

Conclusion

SR 64 is a resolution that plays a crucial role in the governance of state investment practices by confirming the governor's appointee to the Board of Investments. The successful passage of this resolution reflects the legislative body's support for the appointee and the importance of maintaining effective oversight of state financial resources.

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

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