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CC PACKET 02091988
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CC PACKET 02091988
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Last modified
12/30/2015 4:27:32 PM
Creation date
12/30/2015 4:27:12 PM
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SP Box #
18
SP Folder Name
CC PACKETS 1987-1989
SP Name
CC PACKET 02091988
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r <br /> M.S. 69.772 RELIEF ASSOCIATIONS PAYING LUMP SUM SERVICE PENSIONS. <br /> Subd. 3. Clause (1) & (2) - see attatched form. <br /> Subd. 3. Clause (3) - THE MINIMUM OBLIGATION OF THE MUNICIPALITY WITH RESPECT <br /> TO THE SPECIAL FUND OF THE RELIEF ASSOCIATION SHALL BE THE FINANCIAL <br /> REQUIREMENTS OF THE SPECIAL FUND OF THE RELIEF ASSOCIATION REDUCED <br /> BY THE AMOUNT OF ANY FIRE STATE AID PAYABLE PURSUANT TO SECTIONS <br /> 69.011 TO 69.051 ANTICIPATED TO BE RECEIVED BY THE MUNICIPALITY FOR <br /> TRANSMITTAL TO THE SPECIAL FUND OF THE RELIEF ASSOCIATION DURING THE <br /> FOLLOWING CALENDAR YEAR, AN AMOUNT OF INTEREST ON THE ASSETS OF THE <br /> SPECIAL FUND PROJECTED TO THE END OF THE CURRENT CALENDAR YEAR <br /> CALCULATED AT THE RATE OF FIVE PERCENT PER ANNUM, AND THE AMOUNT OF <br /> ANY ANTICIPATED CONTRIBUTIONS TO THE SPECIAL FUND BY MEMBERS OF THE <br /> RELIEF ASSOCIATION DURING THE FOLLOWING CALENDAR YEAR <br /> Subd. 4. CERTIFICATION OF FINANCIAL REQUIREMENTS AND MINIMUM-MUNICIPAL OBLIGATION; <br /> LEVY. THE OFFICERS OF THE RELIEF ASSOCIATION SHALL CERTIFY THE FINANCIAL <br /> REQUIREMENTS OF THE SPECIAL FUND OF THE RELIEF ASSOCIATION AND THE <br /> MINIMUM OBLIGATION OF THE MUNICIPALITY WITH RESPECT TO THE SPECIAL FUND <br /> OF THE RELIEF ASSOCIATION AS DETERMINED PURSUANT TO SUBDIVISION 3 TO <br /> THE GOVERNING BODY OF THE MUNICIPALITY ON OR BEFORE AUGUST 1 OF EACH <br /> YEAR. THE MUNICIPALITY SHALL PROVIDE FOR AT LEAST THE MINIMUM OBLIGATION <br /> OF THE MUNICIPALITY WITH RESPECT TO THE SPECIAL FUND OF THE RELIEF <br /> ASSOCIATION BY TAX LEVY OR FROM ANY OTHER SOURCE OF PUBLIC REVENUE. <br /> THE MUNICIPALITY MAY LEVY TAXES FOR THE PAYMENT OF THE MINIMUM MUNICIPAL <br /> OBLIGATION WITHOUT ANY LIMITATION AS TO THE RATE OR AMOUNT AND IRRESPEC- <br /> TIVE OF ANY LIMITATIONS IMPOSED BY OTHER PROVISIONS OF LAW UPON THE <br /> RATE OR AMOUNT OF TAXATION UNTIL THE BALANCE OF THE SPECIAL FUND OF <br /> THE RELIEF ASSOCIATION HAS ATTAINED A SPECIFIED LEVEL. IN ADDITION, <br /> ANY TAXES LEVIED PURSUANT TO THIS SECTION SHALL NOT CAUSE THE AMOUNT <br /> OR RATE OF ANY OTHER TAXES LEVIED IN THAT YEAR OR TO BE LEVIED IN A. <br /> SUBSEQUENT YEAR BY THE MUNICIPALITY WHICH ARE SUBJECT TO A LIMITATION <br /> AS TO RATE OR AMOUNT TO BE REDUCED. IF THE MUNICIPALITY DOES NOT <br /> INCLUDE THE FULL AMOUNT OF THE MINIMUM MUNICIPAL OBLIGATIONS IN ITS <br /> LEVY FOR ANY YEAR, THE OFFICERS OF THE RELIEF ASSOCIATION SHALL CERT- <br /> IFY THAT AMOUNT TO THE COUNTY AUDITOR, WHO SHALL SPREAD A LEVY IN THE <br /> AMOUNT OF THE MINIMUM MUNICIPAL OBLIGATION. <br />
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