Source: https://www.revisor.mn.gov/statutes/cite/354.436
Timestamp: 2019-06-19 07:26:28
Document Index: 272420844

Matched Legal Cases: ['art 8', 'art 6', 'art 13', 'art 13', 'art 6', 'art 8']

Section 354.436
354.435 354.44
2018 Subd. 3 Amended 2018 c 211 art 8 s 3
2014 354.436 Amended 2014 c 296 art 6 s 8
2013 354.436 New 2013 c 111 art 13 s 1
354.436 DIRECT STATE AID ON BEHALF OF THE FORMER FIRST CLASS CITY TEACHERS RETIREMENT FUND ASSOCIATIONS.
Subdivision 1.Aid authorization.
The state shall pay $12,954,000 to the Teachers Retirement Association on behalf of the former Minneapolis Teachers Retirement Fund Association and shall pay $14,377,000 during fiscal year 2015 to the Teachers Retirement Association for the credit of the Duluth Teachers Retirement Fund Association and, after fiscal year 2015, shall pay $14,377,000 on behalf of the Duluth Teachers Retirement Fund Association.
Subd. 2.Aid appropriation.
The commissioner of management and budget shall pay the aid amounts under subdivision 1 annually on October 1. The amount required is appropriated annually from the general fund to the commissioner of management and budget.
Subd. 3.Aid expiration.
The aid amounts specified in this section continue until the earlier of:
2013 c 111 art 13 s 1; 2014 c 296 art 6 s 8,49; 2018 c 211 art 8 s 3