Section 16-26D-4
THIS SECTION WAS ASSIGNED BY THE CODE COMMISSIONER IN THE 2021 REGULAR SESSION, EFFECTIVE AUGUST 1, 2021. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) There is created the Education Retirees' Trust Fund evidenced by a written trust instrument, the terms and conditions of which shall be determined by the board of control creating the trust fund.
(b) The trust shall be managed and controlled by its trustees. The trustees shall serve without compensation for their service as trustees, but may be reimbursed from the trust for all reasonable and necessary expenses that they incur in connection with their service as trustees.
(Act 2021-464, §4.)