32-1134. Powers and duties of
registrar
A. The registrar shall:
1. Establish assessments and maintain the fund balance at a level sufficient to pay
operating costs and anticipated claims using the cash basis of accounting.
2. Cause an examination of the fund to be made every three years by an independent
certified public accountant.
3. File with the department of insurance an annual statement of the condition of
the fund.
4. Employ accountants and attorneys from monies in the fund, but not to exceed ten
thousand dollars in any fiscal year, that are necessary for the performance of the duties
prescribed in this section.
5. Employ or contract with individuals and procure equipment and operational
support, to be paid from or purchased with monies in the fund, but not to exceed ten per
cent of the fund in any fiscal year as may be necessary to monitor, process or oppose
claims filed by injured persons which may result in collection from the recovery fund.
B. Notwithstanding section 32-1135, the registrar may expend interest monies from
the fund to increase public awareness of the fund. This expenditure shall not exceed
fifty thousand dollars in any fiscal year.
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