423.806 Sources of funds.
Subdivision 1. These funds are derived from the following sources:
(a) Gifts made for that purpose;
(b) Rewards received by members;
(c) Money which comes into the possession of members which remains unclaimed for six months;
(d) Proceeds from sales of property which comes into the possession of members and which remains unclaimed for three months, which property shall be sold by the chief of police;
(e) Contributions made by members through payroll deduction, the amount of which shall be specified in the bylaws of the relief association;
(f) All money derived from taxation, as provided by section 69.77;
(g) Money in the special fund of the relief association maintained by the association and all interest thereon or gains therefrom;
(h) Any other income allowed by law.
Subd. 2. Any surplus remaining in these funds at the close of any fiscal year shall continue therein.
HIST: 1955 c 105 s 6; 1967 c 295 s 1; 1981 c 224 s 199; 1991 c 199 art 2 s 25
Official Publication of the State of Minnesota
Revisor of Statutes