HF 2095

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to retirement; first class city teacher
retirement fund associations; requiring the periodic
filing of updated copies of articles of incorporation
and bylaws; amending Minnesota Statutes 2004, section
354A.021, by adding a subdivision.

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

Section 1.

Minnesota Statutes 2004, section 354A.021, is
amended by adding a subdivision to read:

new text begin Subd. 9. new text end

new text begin Updated articles of incorporation and bylaws;
filing. new text end

new text begin (a) On or before January 1 of every even-numbered year,
the chief administrative officer of each first class city
teacher retirement fund association shall prepare and publish an
updated compilation of the articles of incorporation and the
bylaws of the association.
new text end

new text begin (b) The chief administrative officer of the first class
city teacher retirement fund association must certify the
accuracy and the completeness of the compilation.
new text end

new text begin (c) The compilation of the articles of incorporation and
bylaws of a first class city teacher retirement fund association
must contain an index.
new text end

new text begin (d) The compilation must be made available to association
members and other interested parties. The association may
charge a fee for a copy that reflects the price of printing or
otherwise producing the copy. Two copies of the compilation
must be filed, without charge, by each retirement fund
association with the Legislation Commission on Pensions and
Retirement, the Legislative Reference Library, the state
auditor, the commissioner of education, the chancellor of the
Minnesota State Colleges and Universities System, and the
superintendent of the applicable school district.
new text end

new text begin (e) A first class city teacher retirement fund association
may contract with the revisor of statutes for the preparation of
the compilation.
new text end

new text begin (f) If a first class city teacher retirement fund
association makes an updated copy of its articles of
incorporation and bylaws available on its Web site, the
retirement fund association is not obligated to file a hard copy
of the documents under paragraph (d) for the applicable filing
period.
new text end

Sec. 2. new text begin EFFECTIVE DATE.
new text end

new text begin Section 1 is effective July 1, 2005.
new text end