1. The transfer satisfies the terms of the contract between the governing body of the participating employer and the board.
2. The transfer satisfies the requirements under the applicable governmental accounting standards.
3. The transfer does not jeopardize the tax-exempt status of the prefunding plan's income.
B. Except as otherwise provided in this section and sections 38-936 and 38-937, monies transferred by a participating employer to the prefunding plan pursuant to subsection A of this section are irrevocable and may not be refused by the board or refunded or returned to the participating employer making the transfer.