Title 34, Chapter 9, Section 357
( 34-9-357)
(a) The entire cost of the administration of the fund shall be paid
from the assets of the fund. (b) The administrator shall annually submit to the board of
trustees, under such rules and regulations as the board of trustees
may prescribe, a budget of the costs of administration of the fund
for the fiscal year. The board of trustees shall submit the proposed
budget to the Office of Planning and Budget for comment prior to
approval. (c) Upon approval by the board of trustees, a copy of the operating
budget shall be filed with the custodian of the fund who, on July 1,
shall transfer to the administrator's operating account such funds
as are required by the budget less any amounts remaining in the
operating account from prior years. (d) Funds held by the administrator in the operating account shall
not in any way be deemed to be appropriated funds but shall be
audited annually in the manner provided for other state departments
and agencies. |