Section 5-10.4-8-8 - Stable value fund; alternative investment programs(a) Subject to the board obtaining any approval from the Internal Revenue Service that the board considers necessary or desirable, the board shall establish:(1) a stable value fund for the plan; and(2) alternative investment programs for the plan.(b) The board may adopt requirements and rules that apply to the alternative investment programs within the plan, including the following:(1) The board's investment guidelines and limits for the alternative investment programs.(2) A member's selection of and changes to the member's investment options.(3) The valuation of a member's account.(4) The allocation and payment of administrative expenses for the alternative investment programs.(c) The board shall determine the appropriate administrative fees to be charged to the member accounts.Amended by P.L. 27-2019,SEC. 14, eff. 7/1/2019.Added by P.L. 217-2017,SEC. 58, eff. 7/1/2017.