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Bill > HF3278
MN HF3278
MN HF3278Firefighter relief association; investment business recipient disclosure annual reporting requirement repealed.
summary
Introduced
04/30/2025
04/30/2025
In Committee
04/30/2025
04/30/2025
Crossed Over
Passed
Dead
Introduced Session
94th Legislature 2025-2026
Bill Summary
A bill for an act relating to retirement; firefighter relief associations; repealing the investment business recipient disclosure annual reporting requirement; repealing Minnesota Statutes 2024, section 356A.06, subdivision 5.
AI Summary
This bill repeals a specific annual reporting requirement for firefighter relief associations and the State Board of Investment related to investment business disclosures. Currently, the law requires the chief administrative officers of covered pension plans and the executive director of the State Board of Investment to annually disclose in writing the recipients of investment business, such as commercial banks, investment bankers, and brokerage organizations. This disclosure was required to be prepared within 60 days after the fiscal year's close, made available for public inspection, and filed with the Legislative Commission on Pensions and Retirement within 90 days. By removing this subdivision from Minnesota Statutes, the bill eliminates the mandate for these organizations to provide such detailed investment business recipient disclosures, effectively reducing administrative reporting requirements for these entities.
Committee Categories
Government Affairs
Sponsors (2)
Last Action
Introduction and first reading, referred to State Government Finance and Policy (on 04/30/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF3278&ssn=0&y=2025 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=HF3278&version=0&session=ls94&session_year=2025&session_number=0&format=pdf |
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