Number: 01-04
January 30, 2004
Court Upholds Rule Implementing Revised Form LM-2 and Form T-1
On January 22, 2004, the United States District Court for the District of Columbia issued an order upholding the rule implementing the revised Form LM-2 and the new Form T-1. The court found the rule to be a valid exercise of the Secretary's statutory authority, reasonable, and adequately explained, but enjoined it from becoming effective until July 1, 2004, or 90 days after the Department of Labor makes a fully tested version of the reporting software available, whichever is later. Therefore, unions with $200,000 or more in annual receipts may use the old Form LM-2 to file their financial reports for fiscal years beginning on any date between January 1 and June 30, 2004. The Department anticipates that the reporting software will be available on the OLMS Web site shortly and that unions with $250,000 or more in annual receipts will be required to use the revised Form LM-2 and the new Form T-1 for fiscal years beginning July 1, 2004, and thereafter.
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Last Updated: 1-04-04