§87A-24  Other powers.  In addition tothe power to administer the fund, the board may:

(1)  Collect, receive, deposit, and withdraw money onbehalf of the fund;

(2)  Invest moneys in the same manner specified insection 88-119(1)(A), (1)(B), (1)(C), (2), (3), (4), (5), (6), and (7);

(3)  Hold, purchase, sell, assign, transfer, ordispose of any securities or other investments of the fund, as well as theproceeds of those investments and any money belonging to the fund;

(4)  Appoint, and at pleasure dismiss, anadministrator and other fund staff.  The administrator and staff shall beexempt from chapter 76 and shall serve under and at the pleasure of the board;

(5)  Make payments of periodic charges and pay forreasonable expenses incurred in carrying out the purposes of the fund;

(6)  Contract for the performance of financial auditsof the fund and claims audits of its insurance carriers;

(7)  Retain auditors, actuaries, investment firms andmanagers, benefit plan consultants, or other professional advisors to carry outthe purposes of this chapter;

(8)  Establish health benefits plan and long-term carebenefits plan rates that include administrative and other expenses necessary toeffectuate the purposes of the fund; and

(9)  Require any department, agency, or employee ofthe State or counties to furnish information to the board to carry out thepurposes of this chapter. [L 2001, c 88, pt of §1; am L 2004, c 216, §15]