§ 86-81. Fiscal management; custody of funds.

Latest version.

The board shall be the trustee of the pension fund, and the treasurer shall be the custodian of the pension fund. The treasurer shall keep a separate account thereof, which shall at all times show the true condition of such fund. The treasurer, upon the expiration of his term of office, shall surrender and deliver to his successor all bonds and unexpired moneys or other property which may have come into his hands as treasurer of said fund.

(Code 1960, § 19-19(A); Code 1981, § 26-37)

                    
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