Section 85. Commissioner of taxation and finance custodian of fund

The
  commissioner of taxation and finance shall be the custodian of the state
  insurance fund; and all disbursements therefrom shall  be  paid  by  him
  upon  drafts signed by the executive director, deputy executive director
  or  an  assistant  director  authorized  for   that   purpose   by   the
  commissioners  or  by  checks  signed by one of such officers and by the
  commissioner of taxation and finance. He may deposit any portion of  the
  state  fund  not  needed for immediate use, in the manner and subject to
  all the provisions of law respecting the deposit of other state funds by
  him. Interest earned  by  such  portion  of  the  state  insurance  fund
  deposited  by him, shall be collected by him and placed to the credit of
  the fund.