Section 37-155-19 - Duties of the boardIn addition to any other requirements of this article the board of directors shall:
(a) Make available summary information on the financial condition of the trust fund to all purchasers of prepaid college tuition contracts;(b) Prepare, or cause to be prepared, an annual accounting of the trust fund and transmit a copy of same to the Governor, the Lieutenant Governor and the Speaker of the House of Representatives; and(c) Make all necessary and appropriate arrangements with state colleges and universities in order to fulfill its obligations under the prepaid tuition contracts, which arrangements shall include the payment by the trust fund of current applicable tuition and fee charges on behalf of a beneficiary to the college or university.Laws, 1996, ch. 427, § 10, eff. 7/1/1996.