Board of trustees; audit of accounts; annual statement.

Sec. 41. The board shall have the accounts of the system audited at least biennially by the auditor general and submit an annual statement to the governor and legislature as soon as possible after the end of each fiscal year. History: 1957, Act 261, Eff. Sept. 27, 1957; Am. 1960, Act 113, Eff. Aug. 17, 1960