1998 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 salary of the secretary of the association in an amount not 
 to exceed 30 percent of the base salary of a first grade patrol 
 officer, the salary of the president of the association in an 
 amount not to exceed ten percent of the base salary of a first 
 grade patrol officer, and the salaries of the other 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. 

    HIST: 1992 c 471 art 1 s 7; 1997 c 233 art 4 s 4