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Board clarifies 60‑day rule for fund-loss claims; managers urged to file LG250 notice promptly
Summary
Enforcement staff and the assistant attorney general told managers the LG250 fund-loss form must be filed within 60 days of discovery to be considered; police reports and other documents may be added later but initial notice is required.
Board enforcement staff and legal counsel used a February 17 meeting to clarify procedures and deadlines for fund-loss claims after attendees raised cases of burglaries and late submissions.
Enforcement Manager Brett McKeever told the board the LG250 fund-loss form "must be received by us within 60 days of discovery of funds." He explained that missing documents — often a police report — can delay a final determination but do not excuse failure to notify the board within the 60-day window. "Get it to us as…
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