The fund shall annually contract for an independent certified audit of the financial activities of the fund. An annual report on the financial status of the fund as of June 30 shall be submitted to the director and to each member, or at the election of the fund, posted on the fund’s Internet Web site.
(Amended by Stats. 2012, Ch. 363, Sec. 26. (SB 863) Effective January 1, 2013.)