(a) Notwithstanding any law to the contrary, any public pension plan whose assets are not invested by the State Board of Investment may invest its funds in Minnesota situs nonfarm real estate ownership interests or loans secured by mortgages or deeds of trust if the investment is consistent with section 356A.04.
(b) An investment otherwise authorized by this section must also comply with the requirements and limitations of section 11A.24, subdivision 6.
History:2002 c 392 art 11 s 46; 2010 c 359 art 12 s 35