PROTECTING LOCAL GOVERNMENT RETIREMENT AND BENEFITS ACT
- Section 38.2801 - Short title
- Section 38.2802 - Legislature findings and declarations
- Section 38.2803 - Definitions
- Section 38.2804 - Retirement health benefit offered by local unit of government; requirements; "summary retiree health care report" defined
- Section 38.2805 - State treasurer; establishment of uniform actuarial assumptions of retirement systems; evaluation system; review and oversight of underfunded local unit of government; determination; calculation of funded ratios by local governmental unit; report; posting on website
- Section 38.2806 - Underfunded status; waiver; duties of state treasurer if local unit of government not granted waiver
- Section 38.2807 - Municipal stability board; creation; powers, duties, and functions; membership; appointment by governor; qualifications; terms; vacancy; chairperson; quorum; meetings; bylaws; contract for professional services; travel and expenses; ethics policy; oath of office; "professional services" defined
- Section 38.2808 - Development of corrective action plan; list of best practices and strategies
- Section 38.2809 - Corrective action plan; development and submission for approval
- Section 38.2810 - Corrective action plan; review and approval by board; inclusion of corrective options and additional solutions; disapproval; notification and report; implementation of plan; monitor and certification of compliance; contents of plan
- Section 38.2812 - Board as state board; members as state officers; presumption of validity; court jurisdiction; department of treasury as party