Subdivision 1.

[Repealed, 1987 c 365 s 25]

Subd. 1a.Endowment fund.

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Minnesota Statutes 16B.39

  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • state: extends to and includes the District of Columbia and the several territories. See Minnesota Statutes 645.44

The commissioner of administration may establish an endowment fund to reward state agencies and their employees for improving productivity and service quality. The commissioner shall use gift money to establish the fund. The interest earnings are appropriated to the commissioner to make agency and employee awards.

Subd. 2.

[Renumbered 43A.319]