The board shall make a report to the governing body of the municipality on the condition of the fund. The board shall submit the report to the governing body before the last meeting in February and the last meeting in August of each year.
Source: L. 95: Entire part added, p. 1373, § 2, effective June 5. L. 2010: Entire section amended, (SB 10-021), ch. 17, p. 80, § 4, effective August 11.