Disbursements from the trust funds authorized in section 24-51-208 shall be subject to the approval of the board and shall be made only for the benefits, health-care subsidies, investments, refunds, single payments, payments of remaining member contributions pursuant to the provisions of section 24-51-801, payments pursuant to the provisions of part 17 of this article, and expenses of the association.
Source: L. 87: Entire article R&RE, p. 1051, § 1, effective July 1. L. 2009: Entire section amended, (SB 09-282), ch. 288, p. 1336, § 9, effective January 1, 2010.