3-12C-224. Quadrennial independent report on investment performance.
The board shall retain the services of an independent contractor, not involved in the investment process, to make a report to the board not less than every four years on the investment performance results of the assets of the retirement funds.
Source: SL 1974, ch 35, §72; SL 2016, ch 31, §25; SDCL §3-12-118; SL 2019, ch 22, §1.