Wyoming § 9-3-437 Powers of trustee

Wyoming Statutes

§ 9-3-437 — Powers of trustee

Wyoming·Title 09 Administration of the Government·Ch. 3 COMPENSATION AND BENEFITS·Art. 4 RETIREMENT

(a)In addition to other powers conferred by the governing law, a trustee has exclusive authority, consistent with the trustee's duties under this act, to:

(i)Establish an administrative budget sufficient, subject to legislative approval, to perform the trustee's duties and, as appropriate and reasonable, draw upon assets of the retirement system to fund the budget;

(ii)Obtain by employment or contract the services necessary to exercise the trustee's powers and perform the trustee's duties, including actuarial, auditing, custodial, investment and legal services; and

(iii)Procure and dispose of the goods and property necessary to exercise the trustee's powers and perform the trustee's duties.

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(a) In addition to other powers conferred by the governing
law, a trustee has exclusive authority, consistent with the
trustee's duties under this act, to:
(i) Establish an administrative budget sufficient,
subject to legislative approval, to perform the trustee's duties
and, as appropriate and reasonable, draw upon assets of the
retirement system to fund the budget;
(ii) Obtain by employment or contract the services
necessary to exercise the trustee's powers and perform the
trustee's duties, including actuarial, auditing, custodial,
investment and legal services; and
(iii) Procure and dispose of the goods and property
necessary to exercise the trustee's powers and perform the
trustee's duties.

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