2006 Minnesota Statutes

144E.42 AMBULANCE SERVICE PERSONNEL LONGEVITY AWARD AND
INCENTIVE TRUST; TRUST ACCOUNT.
    Subdivision 1. Trust. There is established an ambulance service personnel longevity award
and incentive trust.
    Subd. 2. Trust account. (a) There is established in the general fund an ambulance service
personnel longevity award and incentive trust account and an ambulance service personnel
longevity award and incentive suspense account.
(b) The trust account must be credited with:
(1) general fund appropriations for that purpose;
(2) transfers from the ambulance service personnel longevity award and incentive suspense
account; and
(3) investment earnings on those accumulated proceeds. The assets and income of the trust
account must be held and managed by the commissioner of finance and the State Board of
Investment for the benefit of the state of Minnesota and its general creditors.
(c) The suspense account must be credited with transfers from the excess police state-aid
holding account established in section 69.021, subdivision 11, any per-year-of-service allocation
under section 144E.45, subdivision 2, paragraph (c), that was not made for an individual, and
investment earnings on those accumulated proceeds. The suspense account must be managed by
the commissioner of finance and the State Board of Investment. From the suspense account to the
trust account there must be transferred to the ambulance service personnel longevity award and
incentive trust account, as the suspense account balance permits, the following amounts:
(1) an amount equal to any general fund appropriation to the ambulance service personnel
longevity award and incentive trust account for that fiscal year; and
(2) an amount equal to the percentage of the remaining balance in the account after the
deduction of the amount under clause (1), as specified for the applicable fiscal year:

Fiscal year

Percentage

		1995	20
		1996	40
		1997	50
		1998	60
		1999	70
		2000	80
		2001	90
		2002 and thereafter	100

    Subd. 3. Priority of claims. The state of Minnesota intends that this program, trust, and
trust account not constitute a separate fund for any legal purpose, including the federal Internal
Revenue Code, as amended, and the federal Employee Retirement Income Security Act of 1974,
as amended. Qualified ambulance service personnel have only an unsecured promise of the state
of Minnesota to pay a longevity award upon meeting entitlement requirements set forth in section
144E.46, and qualified ambulance service personnel meeting those entitlement requirements
have the status of general unsecured creditors with respect to an ambulance service personnel
longevity award, if and when awarded.
History: 1Sp1993 c 1 art 9 s 56; 1994 c 632 art 3 s 50; 1996 c 390 s 31; 1997 c 199 s 14