MN SF4023

Amends Minnesota Statutes section 11A.24, subdivision 6 to expand the State Board of Investment's authorized investment vehicles to include liquid alternatives, bank loans, and international securities.

Increases the scope of investments subject to market capitalization restrictions from clauses (1) to (3) to include clauses (1) to (4), affecting aggregate investment limits of 35 percent of fund market value.

Extends confidentiality protections for financial, business, or proprietary data to investments authorized under clauses (1) through (6), while maintaining public disclosure of six specific data categories including investment name, commitment amounts, market value, internal rate of return, and investment age.

Clarifies that the State Board's participation in investment vehicles cannot include general partnership interests or other interests creating general liability, and limits participation to 20 percent of any single investment vehicle for certain investment types.

Takes effect the day following final enactment.