Section 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.