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This entry was published on 2014-09-22
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SECTION 320
Commissioner of taxation and finance custodian of fund
Workers' Compensation (WKC) CHAPTER 67, ARTICLE 10
§ 320. Commissioner of taxation and finance custodian of fund. The
commissioner of taxation and finance shall be the custodian of the
special fund for workmen's compensation for civil defense volunteers and
all disbursements for compensation therefrom shall be paid by him upon
drafts signed by the chairman or those authorized by the chairman for
that purpose. The commissioner of taxation and finance shall give a
separate and additional bond in an amount to be fixed by and with
sureties approved by the state comptroller conditioned for the faithful
performance of his duty as custodian of the fund. The commissioner of
taxation and finance may deposit any portion of the fund not needed for
immediate use, in the manner and subject to all the provisions of law
respecting the deposit of state funds by him. Interest earned by such
portion of the fund deposited by the commissioner of taxation and
finance shall be collected by him and placed to the credit of the fund.