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This entry was published on 2014-09-22
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Expense of administering funds
Insurance (ISC) CHAPTER 28, ARTICLE 76
§ 7611. Expense of administering funds. (a) The expense of
administering each fund shall be paid out of such fund. Prior to the
first days of January, April, July and October, there shall be submitted
to the director of the budget for approval an estimated budget of
expenditures for the succeeding three months.

(b) There may not be expended for the purpose of administering the
funds more than the amounts as authorized by the director of the budget.
The superintendent shall serve as administrator of the funds without
additional compensation, but may be allowed and paid from the funds the
expenses incurred in performing his duties in connection with the funds.
The compensation of persons employed by the superintendent, within the
amounts approved by the director of the budget, shall be deemed
administration expense payable from the funds.