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18A.375 State employee workers' compensation fund.

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18A.375 State employee workers' compensation fund. (1) There is hereby established a state employee workers' compensation fund which shall be administered by the Personnel Cabinet's Division of Employee Benefits. <br>The purpose of this fund shall be to self-insure workers' compensation benefits for <br>state employees. (2) All moneys contributed by participants of the fund, or derived from federal funds, shall be credited to and constitute a part of the state employee workers' <br>compensation fund. (3) The State Treasurer, with the approval of the Finance and Administration Cabinet, may invest the state employee benefit workers' compensation fund. Any income <br>derived from these investments, or dividends, shall be credited to and become a part <br>of the general fund. Any moneys remaining in the fund after all claims, premiums or <br>subscription charges, and other expenses have been paid, shall be retained in the <br>fund. All moneys remaining in the state employee workers' compensation fund on <br>July 1, or deposited thereafter, shall be deemed a trust and agency account and shall <br>not lapse, but shall be continuously appropriated only for the purposes specified in <br>KRS 18A.375 to 18A.385. Effective: July 15, 1998 <br>History: Amended 1998 Ky. Acts ch. 154, sec. 52, effective July 15, 1998. -- Amended 1994 Ky. Acts ch. 116, sec. 2, effective July 15, 1994. -- Created 1990 Ky. Acts <br>ch. 490, sec. 2, effective July 13, 1990.