§41D-6 - Fund advancement; dissolution.
[§41D-6] Fund advancement; dissolution.
If the state risk management revolving fund should become financially incapable
of meeting its obligations under this chapter, the comptroller, in the
comptroller's discretion, may:
(1) Request that the governor authorize the transfer
of sufficient sums to meet the fund's obligations from whatever such savings as
may be available from other current appropriation for any other state program.
Money so advanced shall be repaid from the state risk management revolving fund
in annual installments, without interest. The amount of installments shall be
fixed by the director of finance at whatever amount as can reasonably be
expected to liquidate indebtedness of the fund in not more than ten years; or
(2) Dissolve the fund, prorating remaining assets of
the fund among the claimants, giving priority to those claims as, in the
comptroller's discretion, is appropriate. [L 1988, c 266, pt of §1]