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MN HF853
Bill
Status
Passed
5/28/2013
Primary Sponsor
Shannon Savick
Click for details
AI Summary
- Modifies Minnesota Statutes section 69.051, subdivision 1, regarding financial reporting requirements for fire and police relief associations
- Increases the asset and liability threshold triggering mandatory financial report requirements from $200,000 to $500,000
- Relief associations with assets or liabilities of at least $500,000 in the prior or any previous year must prepare and file financial reports covering special and general funds
- Financial reports must be countersigned by appropriate municipal or county officials depending on the relief association type and location
- Audited financial statements must be attested to by a certified public accountant or state auditor and filed within 180 days of fiscal year close
Legislative Description
Fire and police department aid threshold for financial reports and audits modified.
Last Action
Secretary of State Chapter 123
5/28/2013
Committee Referrals
Rules and Administration4/15/2013
Government Operations2/21/2013
Full Bill Text
No bill text available