§17438. Reporting requirements under Governmental Accounting Standards Board
The system and trustees of the investment trust fund have no obligation to comply with reporting requirements related to the investment trust fund under Governmental Accounting Standards Board Statement Number 74, Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans, or Governmental Accounting Standards Board Statement Number 75, Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions. The State is obligated to comply with the reporting requirements under Governmental Accounting Standards Board Statement Number 74 and Governmental Accounting Standards Board Statement Number 75. The system shall account for the assets of the investment trust fund in its annual financial statements. [PL 2017, c. 88, §20 (AMD).]
SECTION HISTORY
PL 2007, c. 240, Pt. RRR, §2 (NEW). PL 2017, c. 88, §20 (AMD).
Structure Maine Revised Statutes
TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES
Part 20: STATE RETIREMENT SYSTEM
Chapter 421: GENERAL PROVISIONS
Article 9: RETIREE HEALTH INSURANCE POST-EMPLOYMENT BENEFITS INVESTMENT TRUST FUND
5 §17433. Statutory references
5 §17434. Administration of investment trust fund
5 §17435. Duties of the trustees of the investment trust fund
5 §17436. Liability and immunity of trustees of the investment trust fund
5 §17437. Exemption from taxation
5 §17438. Reporting requirements under Governmental Accounting Standards Board
5 §17439. Information for administrative or judicial proceedings