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§ 47-5-27. Payment of administrative expenses of the board of trustees; allocation of expenses among member municipalities

GA Code § 47-5-27 (2018) (N/A)
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The administrative expenses of the board of trustees, including all operational expenses, fees, compensation, and other costs, shall be paid from funds held by it and may be chargeable by it to either principal or income or both, as determined by it, as of any valuation date. Further, the board of trustees shall have the authority to allocate expenses among member municipalities on the basis of costs. Administrative expenses for the first year of operation may be assessed against first year contributions in proportion to the number of participating employees.

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§ 47-5-26. Duty of board of trustees to file an annual financial report with each member employer; filing of objections to transactions shown in such report
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§ 47-5-28. Accounts for participating employees, member employers, and as otherwise required; authorization of funds; commingling restriction