[§393-42]  Management of the fund.  Thedirector of finance shall be the treasurer and custodian of the premiumsupplementation fund and shall administer the fund in accordance with thedirections of the director of labor and industrial relations.  All moneys inthe fund shall be held in trust for the purposes of this part only and shallnot be expended, released, or appropriated or otherwise disposed of for anyother purpose.  Moneys in the fund may be deposited in any depositary bank inwhich general funds of the State may be deposited but such moneys shall not becommingled with other state funds and shall be maintained in separate accountson the books of the depositary bank.  Such moneys shall be secured by thedepositary bank to the same extent and in the same manner as required by thegeneral depositary law of the State; and collateral pledged for this purposeshall be kept separate and distinct from any other collateral pledged to secureother funds of the State.  The director of finance shall be liable for theperformance of the director of finance's duties under this section as providedin chapter 37. [L 1974, c 210, pt of §1; gen ch 1985]