Section 5-10.3-12-22 - Alternative investment programs; stable value fund program; requirements and rules; administrative fees(a) Subject to the board obtaining the approval of the Internal Revenue Service as described in section 18(b) of this chapter, the board shall establish: (1) a stable value fund as the regular investment program for the plan; and(2) alternative investment programs for the plan.(b) The board may adopt requirements and rules that apply to the alternative investment programs within the plan, including the following:(1) The board's investment guidelines and limits for the alternative investment programs.(2) A member's selection of and changes to the member's investment options.(3) The valuation of a member's account.(4) The allocation and payment of administrative expenses for the alternative investment programs.(c) The board shall determine the appropriate administrative fees to be charged to the member accounts.Amended by P.L. 27-2019,SEC. 8, eff. 7/1/2019.Amended by P.L. 86-2018,SEC. 17, eff. 3/15/2018.Amended by P.L. 193-2016, SEC. 16, eff. 7/1/2016.Amended by P.L. 6-2012, SEC. 31, eff. 2/22/2012.Added by P.L. 22-2011, SEC. 2, eff. 7/1/2011.