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This entry was published on 2014-09-22
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SECTION 324
Distribution of unexpended assets of the special fund
Workers' Compensation (WKC) CHAPTER 67, ARTICLE 10
§ 324. Distribution of unexpended assets of the special fund. Within
five years after the period of emergency as defined in the state defense
emergency act shall have expired, the chairman shall determine the
amount of outstanding liabilities of the special fund and shall
establish reasonable reserves to pay to claimants cash benefits, medical
care and funeral expenses, and to meet the cost of administering unpaid
claims and the expenses of liquidating the fund in a sum allocated for
that purpose by the director of the budget, and the same shall become a
charge against the fund. Any balance in the fund after establishment of
such reserves shall be forthwith paid to the comptroller for the general
fund.