North Dakota § 18-11-14 Disbursement of moneys from association state fund

North Dakota Statutes

§ 18-11-14 — Disbursement of moneys from association state fund

North Dakota·Title 18 Fires·Ch. 18-11 Alternate Firefighters Relief Association Plan

The amounts paid into the relief association by the state, city, and employee's salary contribution and set aside in the association state fund must be appropriated and disbursed only for:

1.The payment of disability or service pensions to members of the association;

2.Pensions to widows and children or orphans of members or retired members;

3.The payment of the fees of the president and secretary-treasurer and the premiums on the bond of the secretary-treasurer or any other officer;

4.Funeral payments;

5.Cost of the state audit;

6.Essential postage, office supplies, and equipment;

7.Actuarial study;

8.Return of contributions to those qualified under section 18-11-20;

9.Investment contract fees;

10.Legal and accounting fees;

11.The indemnification of members of the board of trus

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The amounts paid into the relief association by the state, city, and employee's salary
contribution and set aside in the association state fund must be appropriated and disbursed only
for:
1. The payment of disability or service pensions to members of the association;
2. Pensions to widows and children or orphans of members or retired members;
3. The payment of the fees of the president and secretary-treasurer and the premiums on
the bond of the secretary-treasurer or any other officer;
4. Funeral payments;
5. Cost of the state audit;
6. Essential postage, office supplies, and equipment;
7. Actuarial study;
8. Return of contributions to those qualified under section 18-11-20;
9. Investment contract fees;
10. Legal and accounting fees;
11. The indemnification of members of the board of trustees pursuant to section 18-11-18;
and
12. Any other expenditures related to the general principles for which this chapter is
established.

North Dakota § 18-11-14 (Disbursement of moneys from association state fund) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.