(1) The Public Employees’ Benefit Board may contract with a private organization for administration of an expense reimbursement program.

(2) An agreement or contract entered into pursuant to this section may provide that the administering organization shall exercise the authority and responsibility of the board in administering the expense reimbursement program. [1987 c.621 § 6; 1997 c.222 § 48]

See note under 243.550.