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Within five years after the period of emergency as defined in the state defense emergency act shall have expired, the chairman shall determine the amount of outstanding liabilities of the special fund and shall establish reasonable reserves to pay to claimants cash benefits, medical care and funeral expenses, and to meet the cost of administering unpaid claims and the expenses of liquidating the fund in a sum allocated for that purpose by the director of the budget, and the same shall become a charge against the fund. Any balance in the fund after establishment of such reserves shall be forthwith paid to the comptroller for the general fund.
Cite this article: FindLaw.com - New York Consolidated Laws, Workers' Compensation Law - WKC § 324. Distribution of unexpended assets of the special fund - last updated January 01, 2021 | https://codes.findlaw.com/ny/workers-compensation-law/wkc-sect-324/
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