Section 423B.07 Authorized Fund Disbursements - Minnesota Statutes

423B.07 AUTHORIZED FUND DISBURSEMENTS.

The police pension fund may be used only for the payment of:

(1) service, disability, or dependency pensions;

(2) notwithstanding a contrary provision of section 69.80, the salaries of the elected members of the board of trustees in an amount not to exceed three units;

(3) expenses of officers and employees of the association in connection with the protection of the fund;

(4) expenses of operating and maintaining the association, including the administrative expenses related to the administration of the insurance plan authorized in section 423B.08; and

(5) other expenses authorized by section 69.80, or other applicable law.

History:

1992 c 471 art 1 s 7; 1997 c 233 art 4 s 4; 1999 c 222 art 6 s 1; 2006 c 271 art 9 s 1,4