The income fund is the fund to which shall be credited all interest, dividends, rents and other income from investments of the association, all gifts and bequests, all unclaimed member contributions and all other money the disposition of which is not specifically provided for in the Public Employees Retirement Act. There shall be paid or transferred from the income fund all administrative expenses of the association.
History: Laws 1987, ch. 253, § 128.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 81A C.J.S. States §§ 46, 112 to 119.
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