Section 89-F. Workers' compensation security fund payment account  


Latest version.
  • 1. There
      is hereby established in the custody of the superintendent of  insurance
      a  special  revenue  fund  to  be  known  as  the "workers' compensation
      security fund payment account".
        2. Such account shall consist of all moneys received by  the  workers'
      compensation  security  fund as payments pursuant to section one hundred
      eight of the workers' compensation law, and all other moneys credited or
      transferred thereto from any other fund or source pursuant to law.
        3. The moneys of  the  workers'  compensation  security  fund  payment
      account  shall  be  made available to the superintendent of insurance to
      pay for the borrowing of any funds pursuant to  section  seven  thousand
      four hundred thirty-three-a of the insurance law and for payments to the
      workers'  compensation  security fund for payment of awards certified by
      the superintendent of insurance. All payments from such account shall be
      made upon the audit and warrant of the comptroller on vouchers certified
      or approved by the superintendent of insurance in the manner  prescribed
      by law.