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SF 3709

as introduced - 90th Legislature (2017 - 2018) Posted on 03/22/2018 10:08am

KEY: stricken = removed, old language.
underscored = added, new language.
Version List Authors and Status
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Current Version - as introduced

Line numbers 1.1 1.2 1.3 1.4 1.5
1.6 1.7 1.8 1.9 1.10

A bill for an act
 relating to municipal liquor stores; prohibiting inclusion of long-term pension
benefit obligations in municipal liquor store statement of operations; amending
Minnesota Statutes 2016, section 471.6985, by adding a subdivision.

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

Section 1.

Minnesota Statutes 2016, section 471.6985, is amended by adding a subdivision
to read:


new text begin Subd. 3. new text end

new text begin Exemption. new text end

new text begin Notwithstanding the requirements of subdivision 1, a statement
of operations for a municipal liquor store shall not include long-term obligations for pension
benefits, as required by Statement 68 of the Governmental Accounting Standards Board.
 new text end