§17438. Reporting requirements under Governmental Accounting Standards Board

Link to law: http://legislature.maine.gov/legis/statutes/5/title5sec17438.html
Published: 2015

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§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 43, Financial Reporting for Postemployment
Benefit Plans Other Than Pension Plans, or Governmental Accounting Standards Board
Statement Number 45, Accounting and Financial Reporting by Employers for Postemployment
Benefits Other Than Pensions. The State is obligated to comply with the reporting
requirements under Governmental Accounting Standards Board Statement Number 43 and
Governmental Accounting Standards Board Statement Number 45. The system shall account
for the assets of the investment trust fund in its annual financial statements. [2007, c. 240, Pt. RRR, §2 (NEW).]





SECTION HISTORY

2007, c. 240, Pt. RRR, §2 (NEW).