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