Rules and regulations; investigations; change of rates
Sec. 1. It shall be the duty of the board to administer the
provisions of this article and, in addition to all other powers
conferred on the board, it shall have the power and authority to
adopt, amend, or rescind such rules and regulations, to employ such
persons, make such expenditures, require such reports, make such
investigations and take such other action as it may deem necessary
or suitable for the proper administration of this article. All rules and
regulations issued under the provisions of this article shall be
effective upon publication in the manner hereinafter provided and
shall have the force and effect of law. The board may prescribe the
extent, if any, to which any rule or regulation so issued or legal
interpretation of this article shall be with or without retroactive
effect. Whenever the board believes that a change in contribution or
benefit rates will become necessary to protect the solvency of the
fund, it shall promptly so inform the governor and the general
assembly, and make recommendations with respect thereto.
(Formerly: Acts 1947, c.208, s.2001.) As amended by Acts 1978,
P.L.6, SEC.32.
Last modified: May 27, 2006