Minnesota Session Laws - 1989, Regular Session

  

                         Laws of Minnesota 1989 

                        CHAPTER 185-S.F.No. 1191 
           An act relating to political subdivisions; permitting 
          participation in risk retention groups; amending 
          Minnesota Statutes 1988, section 471.981, by adding a 
          subdivision. 
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
    Section 1.  Minnesota Statutes 1988, section 471.981, is 
amended by adding a subdivision to read: 
    Subd. 6.  [RISK RETENTION GROUPS.] A political subdivision 
or pool may purchase environmental protection coverage from a 
risk retention group operating under United States Code, title 
15, sections 3901 to 3906, and may purchase nonassessable stock 
of the group if stock ownership is a prerequisite for 
participation. 
    Presented to the governor May 16, 1989 
    Signed by the governor May 17, 1989, 6:43 p.m.