Sec. 32. The retirement board may establish a general fund. Revenue not clearly payable to other funds shall be deposited in the general fund. Disbursements from this fund shall be made as authorized by the retirement board.
Mich. Comp. Laws § 38.1332, under THE PUBLIC SCHOOL EMPLOYEES RETIREMENT ACT OF 1979.
Mich. Comp. Laws § 38.1332
Sec. 32. The retirement board may establish a general fund. Revenue not clearly payable to other funds shall be deposited in the general fund. Disbursements from this fund shall be made as authorized by the retirement board.