1997 Minnesota Statutes

     424.165 Special fund, maintenance. 

    Subdivision 1.    Surcharge.  When the balance in the 
 special fund of any firefighter's relief association in any city 
 of the second class is less than $50,000 as determined by any 
 such association's board of trustees, which fact shall be duly 
 certified to by the state auditor, such board of trustees may 
 thereupon file its duly verified petition for relief, 
 accompanied by such certificate, with the commissioner of 
 revenue.  The commissioner of revenue shall thereupon order and 
 direct a surcharge to be collected of two percent of the fire, 
 lightning and sprinkler leakage gross premiums, less return 
 premiums, on all direct business received by any foreign or 
 domestic fire insurance company on property in such city of the 
 second class, or by its agents for it, in cash or otherwise, 
 until the balance in the special funds of such relief 
 association amounts to $50,000 and for a period of 15 days 
 thereafter.  As soon as the balance in said special fund amounts 
 to $50,000 the board of trustees of such relief association 
 shall certify that fact to the commissioner of revenue and the 
 commissioner of revenue shall forthwith issue an order ordering 
 and directing that the collection of such surcharge shall be 
 discontinued after the expiration of said 15-day period and 
 shall forthwith mail a copy of the order last mentioned to each 
 insurance company affected thereby.  Said surcharge shall be due 
 and payable from such companies to the state treasurer in 
 semiannual installments on June 30 and December 31 of each 
 calendar year to be kept by the state treasurer in a separate 
 fund and if not paid within 30 days after such dates a penalty 
 of three percent shall accrue thereon and thereafter such sum 
 and penalty shall draw interest at the rate of one percent per 
 month until paid. 

    Subd. 2.    Issuance of warrant.  The commissioner of 
 finance on July 31, 1938, and semiannually thereafter, shall 
 issue and deliver to the treasurer of such relief association in 
 such city a warrant upon the state treasurer for an amount equal 
 to the total amount of said surcharge on said premiums within 
 such city theretofore so collected and transmitted to the state 
 treasurer by such insurance companies.  Said warrants shall be 
 paid out of said separate fund hereinbefore provided for, and 
 the payment in each case shall be made to the treasurer of the 
 relief association presenting the warrant. 

    There is hereby appropriated to such firefighter's relief 
 association, from such fund or account in the state treasury to 
 which the money was credited, such sums as may, from time to 
 time, be necessary to pay these warrants. 

    Subd. 3.    Funds to be kept in special fund.  The 
 treasurer of such relief association shall place the money 
 received in payment of any such warrant in the special fund of 
 such relief association. 

    Subd. 4.    Emergency declared to exist.  An emergency 
 exists and this section shall be construed as a relief measure 
 for firefighter's relief associations in any city of the second 
 class. 

    HIST: (1648-1, 1648-2, 1648-3, 1648-4) 1937 c 109 s 1-4; 1955 
 c 199 s 1; 1959 c 158 s 30; 1973 c 492 s 7,14; 1977 c 429 s 63; 
 1984 c 592 s 89; 1986 c 444