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56.150 Expenses of administration.

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56.150 Expenses of administration. The cabinet and the State Treasurer may employ such assistance and incur such expenses <br>as are necessary to carry out the purposes of KRS 56.070 to 56.180. All such expenses <br>may be debited against the state fire and tornado insurance fund, and paid on warrant of <br>the cabinet, but the total of such expenses during any fiscal year shall not exceed ten <br>percent (10%) of the total receipts of the fund during the same fiscal year. If such <br>expenses are incurred at a time when there is not a sufficient amount in the fund to pay <br>them, they shall constitute a prior claim to be paid out of the first receipts of the fund <br>thereafter before any damages on account of insured losses are paid. Effective: July 15, 2010 <br>History: Amended 2010 Ky. Acts ch. 24, sec. 47, effective July 15, 2010. -- Amended 1950 Ky. Acts ch. 192, sec. 7. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective <br>October 1, 1942, from Ky. Stat. sec. 4636-32.