1.1 	A bill for an act
1.2 	relating to retirement; first class city teacher
1.3 	retirement fund associations; requiring the periodic
1.4 	filing of updated copies of articles of incorporation
1.5 	and bylaws; amending Minnesota Statutes 2004, section
1.6 	354A.021, by adding a subdivision.
1.7 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.8 	Section 1. Minnesota Statutes 2004, section 354A.021, is
1.9 	amended by adding a subdivision to read:
1.10 		Subd. 9.Updated articles of incorporation and bylaws;
1.11 	filing. (a) On or before January 1 of every even-numbered year,
1.12 	the chief administrative officer of each first class city
1.13 	teacher retirement fund association shall prepare and publish an
1.14 	updated compilation of the articles of incorporation and the
1.15 	bylaws of the association.
1.16 	(b) The chief administrative officer of the first class
1.17 	city teacher retirement fund association must certify the
1.18 	accuracy and the completeness of the compilation.
1.19 	(c) The compilation of the articles of incorporation and
1.20 	bylaws of a first class city teacher retirement fund association
1.21 	must contain an index.
1.22 	(d) The compilation must be made available to association
1.23 	members and other interested parties.  The association may
1.24 	charge a fee for a copy that reflects the price of printing or
1.25 	otherwise producing the copy.  Two copies of the compilation
1.26 	must be filed, without charge, by each retirement fund
2.1 	association with the Legislation Commission on Pensions and
2.2 	Retirement, the Legislative Reference Library, the state
2.3 	auditor, the commissioner of education, the chancellor of the
2.4 	Minnesota State Colleges and Universities System, and the
2.5 	superintendent of the applicable school district.
2.6 	(e) A first class city teacher retirement fund association
2.7 	may contract with the revisor of statutes for the preparation of
2.8 	the compilation.
2.9 	(f) If a first class city teacher retirement fund
2.10 	association makes an updated copy of its articles of
2.11 	incorporation and bylaws available on its Web site, the
2.12 	retirement fund association is not obligated to file a hard copy
2.13 	of the documents under paragraph (d) for the applicable filing
2.14 	period.

2.15 	Sec. 2. EFFECTIVE DATE.
 2.16 	Section 1 is effective July 1, 2005.