1997 Minnesota Statutes

     352.05 State treasurer to be treasurer of system. 

    The state treasurer is ex officio treasurer of the 
 retirement funds of the system.  The general bond to the state 
 shall cover all liability for actions as treasurer of these 
 funds.  Funds of the system received by the treasurer must be 
 set aside in the state treasury to the credit of the proper 
 fund.  The treasurer shall deliver to the director copies of all 
 payroll abstracts of the state together with the commissioner of 
 finance's warrants covering the deductions made on these payroll 
 abstracts for the retirement fund.  The director shall have a 
 list made of the commissioner of finance's warrants.  These 
 warrants must then be deposited with the state treasurer to be 
 credited to the retirement fund.  The treasurer shall pay out of 
 this fund only on warrants issued by the commissioner of 
 finance, upon abstracts signed by the director, or by the 
 finance officer designated by the director during the disability 
 or the absence of the director from the city of St. Paul, 
 Minnesota.  Abstracts for investments may be signed by the 
 executive director of the state board of investment.  

    HIST: (254-5) 1929 c 191 s 5; 1931 c 351 s 5; 1935 c 238 s 5; 
 1941 c 391 s 5; 1945 c 284 s 8; 1957 c 928 s 28; Ex1961 c 67 s 
 7; Ex1967 c 57 c 13; 1973 c 492 s 14; 1986 c 444; 1987 c 229 art 
 6 s 1