The Minnesota Legislature established the 12 member Legislative Permanent School Fund Commission to advise the Department of Natural Resources and the school trust lands director on the management of permanent school fund land, which is held in trust for the school districts of the state and to review legislation affecting permanent school fund land.
The commission is required to review statutes and recommend any changes necessary for provident utilization of school trust lands, and to report annually to the legislature with recommendations for management of school trust fund lands to secure long-term economic return for the permanent school fund.
Minnesota Statutes 127A.30
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