Sec. 3. (a) The board shall: (1) prorate the expenses of administration of the fund between the retirement allowance accounts; and (2) pay the prorated expenses from those accounts. (b) The board shall pay the expenses for the administration of the system as provided in IC 5-10.5-6-5 . [Pre-2006 Education Finance Recodification Citation: 21-6.1-2-4.]
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