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HF 134

as introduced - 89th Legislature (2015 - 2016) Posted on 06/02/2016 11:28am

KEY: stricken = removed, old language.
underscored = added, new language.

Bill Text Versions

Engrossments
Introduction Posted on 01/12/2015

Current Version - as introduced

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A bill for an act
relating to veterans; making technical changes to veterans trust; removing
obsolete provisions; amending Minnesota Statutes 2014, section 197.133;
repealing Minnesota Statutes 2014, sections 197.131; 197.132.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2014, section 197.133, is amended to read:


197.133 DISPOSAL OF PROPERTY AND EXPIRATION OF BOARD OF
GOVERNORS.

new text begin (a) new text end If a majority of the board determines that the disposal of the camp or a portion of
the camp is in the best interests of Minnesota veterans, or if the camp is not used solely
as a camp for and by disabled and other veterans and their families and operated and
maintained in compliance with all state, federal, and local laws, the board may dispose of
the property at market value as provided in this section. Before disposing of the property,
the board shall give notice by certified mail to the commissioner of veterans affairs of its
decision to dispose of the property. The commissioner shall publish the notice in the State
Register. Interested governmental agencies have until the end of the next legislative
session after the notice to appropriate money to purchase the property.

new text begin (b) new text end Proceeds realized from the disposal of the property and any assets on hand at
the time of the disposal of the property, must be placed in an irrevocable trust to be used
for the initiation or maintenance of veterans programs in the state of Minnesota. Trustees
must be appointed in the same manner as provided for under new text begin Minnesota Statutes 2014,
new text end section 197.131. The trustees shall consult with the commissioner of veterans affairs to
determine the needs of Minnesota veterans and provide the commissioner with an annual
written report on the trust. The commissioner must approve all expenditures from the
trust. A certified audit of all assets, expenditures, and property must be conducted prior
to any disposition of any assets under the control of the board. Any board member who
would benefit directly or indirectly financially from the sale of this property must be
removed by the board and a successor appointed as provided by new text begin Minnesota Statutes 2014,
new text end section 197.131. Upon final disposition of all assets to the trust, the board must disband.
Should the assets of the trust be exhausted, the trust must be terminated.

new text begin (c) The trustees appointed under paragraph (b) shall have the exclusive authority
to remove a trustee of the trust established under paragraph (b). A trustee may be
removed at any time without cause upon a majority vote of the trustees with consent
of the commissioner of veterans affairs.
new text end

new text begin (d) A vacancy in a trusteeship of the trust established under paragraph (b) must
be filled for the remainder of the unexpired term in the same manner as the original
appointment.
new text end

Sec. 2. new text begin REPEALER.
new text end

new text begin Minnesota Statutes 2014, sections 197.131; and 197.132, new text end new text begin are repealed.
new text end