MN SF4152

Removes the requirement that the school trust lands director take an oath of office and replaces it with a requirement to act in a fiduciary capacity for trust beneficiaries in accordance with section 127A.351 principles.

Strikes the language specifying the first director's term end date of December 31, 2020, making the four-year term provisions prospective.

Expands the director's advisory duties to include advice on school trust land management policies and other policies affecting the permanent school fund's goals, with explicit recommendations to the Legislative Permanent School Fund Commission.

Modifies the director's powers to employ "staff" rather than specifying "up to five employees in the unclassified service," while maintaining the limitations based on appropriated funds.

Clarifies that the director develops and implements strategic plans in conjunction with the commissioner of natural resources, with plans updated every five years and implemented by the commissioner rather than the director.