SF 429

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

A bill for an act
relating to retirement; Public Employees Retirement
Association; clarifying collection procedures relating
to charter schools; amending Minnesota Statutes 2004,
section 353.28, subdivisions 5, 6.

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

Section 1.

Minnesota Statutes 2004, section 353.28,
subdivision 5, is amended to read:

Subd. 5.

Interest deleted text begin charges deleted text end new text begin chargeable on amounts due new text end .

Any
amount due under this section or section 353.27, subdivision 4,
is payable with interest at an annual new text begin compound new text end rate of 8.5
percent deleted text begin compounded annually deleted text end from the date due until the date
payment is received by the association, with a minimum interest
charge of $10. deleted text begin Interest for past due payments of excess police
state aid under section 69.031, subdivision 5, must be charged
at an annual rate of 8.5 percent compounded annually.
deleted text end

Sec. 2.

Minnesota Statutes 2004, section 353.28,
subdivision 6, is amended to read:

Subd. 6.

deleted text begin failure to pay deleted text end new text begin collection of unpaid amounts new text end .

new text begin (a)
new text end If deleted text begin the deleted text end new text begin a new text end governmental subdivision new text begin other than a charter school
new text end fails to pay deleted text begin amounts deleted text end new text begin an amount new text end due under deleted text begin chapters deleted text end new text begin chapter new text end 353,
353A, 353B, 353C, deleted text begin and deleted text end new text begin or new text end 353D deleted text begin or fails to make payments of
excess police state aid to the public employees police and fire
fund under section 69.031, subdivision 5 deleted text end , the executive director
shall certify deleted text begin those amounts deleted text end new text begin the amount new text end to the governmental
subdivision for payment. If the governmental subdivision fails
to remit the sum so due in a timely fashion, the executive
director shall certify deleted text begin amounts deleted text end new text begin the amount new text end to the new text begin applicable
new text end county auditor for collection. The county auditor shall collect
deleted text begin such amounts deleted text end new text begin the amount new text end out of the revenue of the governmental
subdivision, or shall add deleted text begin them deleted text end new text begin the amount new text end to the levy of the
governmental subdivision and make payment directly to the
association. This tax deleted text begin shall deleted text end new text begin must new text end be levied, collected, and
apportioned in the manner new text begin that new text end other taxes are levied,
collected, and apportioned.

new text begin (b) If a charter school fails to pay an amount due under
this chapter, the executive director shall certify the amount to
the charter school for payment. If the charter school fails to
pay the amount for a period of 60 days after certification, the
executive director shall certify the amount to the commissioner
of finance, who shall deduct the amount from any subsequent
state-aid payment or state appropriation amount applicable to
the charter school.
new text end

Sec. 3. new text begin EFFECTIVE DATE.
new text end

new text begin Sections 1 and 2 are effective July 1, 2005.
new text end