as introduced - 81st Legislature (1999 - 2000) Posted on 12/15/2009 12:00am
Engrossments | ||
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Introduction | Posted on 03/11/1999 |
1.1 A bill for an act 1.2 relating to retirement; modifying authorized 1.3 disbursements for the Minneapolis police relief 1.4 association; amending Minnesota Statutes 1998, section 1.5 423B.07. 1.6 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.7 Section 1. Minnesota Statutes 1998, section 423B.07, is 1.8 amended to read: 1.9 423B.07 [AUTHORIZED FUND DISBURSEMENTS.] 1.10 The police pension fund may be used only for the payment of: 1.11 (1) service, disability, or dependency pensions; 1.12 (2) notwithstanding a contrary provision of section 69.80, 1.13the salary of the secretary of the association in an amount not1.14to exceed 30 percent of the base salary of a first grade patrol1.15officer, the salary of the president of the association in an1.16amount not to exceed ten percent of the base salary of a first1.17grade patrol officer, andthe salaries of theotherelected 1.18 members of the board of trustees in an amount not to exceed 1.19 three units; 1.20 (3) expenses of officers and employees of the association 1.21 in connection with the protection of the fund; 1.22 (4) expenses of operating and maintaining the association, 1.23 including the administrative expenses related to the 1.24 administration of the insurance plan authorized in section 1.25 423B.08; and 2.1 (5) other expenses authorized by section 69.80, or other 2.2 applicable law. 2.3 Sec. 2. [EFFECTIVE DATE.] 2.4 Section 1 is effective the day following final enactment.