85.66 SECOND INJURY FUND -- CREATION -- CUSTODIAN.
1. The second injury fund is hereby established under the custody
of the treasurer of state and shall consist of payments to the fund
as provided by this division and any accumulated interest and
earnings on moneys in the second injury fund.
2. The treasurer of state is charged with the conservation of the
assets of the second injury fund. Moneys collected in the second
injury fund shall be disbursed only for the purposes stated in this
division, and shall not at any time be appropriated or diverted to
any other use or purpose. Except for reimbursements to the attorney
general provided for in section 85.67, disbursements from the fund
shall be paid by the treasurer of state only upon the written order
of the workers' compensation commissioner. The treasurer of state
shall invest any surplus moneys of the fund in securities which
constitute legal investments for state funds under the laws of this
state, and may sell any of the securities in which the fund is
invested, if necessary, for the proper administration or in the best
interests of the fund.
3. The treasurer of state shall quarterly prepare a statement of
the fund, setting forth the balance of moneys in the fund, the income
of the fund, specifying the source of all income, the payments out of
the fund, specifying the various items of payments, and setting forth
the balance of the fund remaining to its credit. The statement shall
be open to public inspection in the office of the treasurer of state.
85.66 SECOND INJURY FUND -- CREATION -- CUSTODIAN.
1. The second injury fund is hereby established under the custody
of the treasurer of state and shall consist of payments to the fund
as provided by this division and any accumulated interest and
earnings on moneys in the second injury fund.
2. The treasurer of state is charged with the conservation of the
assets of the second injury fund. Moneys collected in the second
injury fund shall be disbursed only for the purposes stated in this
division, and shall not at any time be appropriated or diverted to
any other use or purpose. Except for reimbursements to the attorney
general provided for in section 85.67, disbursements from the fund
shall be paid by the treasurer of state only upon the written order
of the workers' compensation commissioner. The treasurer of state
shall invest any surplus moneys of the fund in securities which
constitute legal investments for state funds under the laws of this
state, and may sell any of the securities in which the fund is
invested, if necessary, for the proper administration or in the best
interests of the fund.
3. The treasurer of state shall quarterly prepare a statement of
the fund, setting forth the balance of moneys in the fund, the income
of the fund, specifying the source of all income, the payments out of
the fund, specifying the various items of payments, and setting forth
the balance of the fund remaining to its credit. The statement shall
be open to public inspection in the office of the treasurer of state.
85.66 SECOND INJURY FUND -- CREATION -- CUSTODIAN.
1. The second injury fund is hereby established under the custody
of the treasurer of state and shall consist of payments to the fund
as provided by this division and any accumulated interest and
earnings on moneys in the second injury fund.
2. The treasurer of state is charged with the conservation of the
assets of the second injury fund. Moneys collected in the second
injury fund shall be disbursed only for the purposes stated in this
division, and shall not at any time be appropriated or diverted to
any other use or purpose. Except for reimbursements to the attorney
general provided for in section 85.67, disbursements from the fund
shall be paid by the treasurer of state only upon the written order
of the workers' compensation commissioner. The treasurer of state
shall invest any surplus moneys of the fund in securities which
constitute legal investments for state funds under the laws of this
state, and may sell any of the securities in which the fund is
invested, if necessary, for the proper administration or in the best
interests of the fund.
3. The treasurer of state shall quarterly prepare a statement of
the fund, setting forth the balance of moneys in the fund, the income
of the fund, specifying the source of all income, the payments out of
the fund, specifying the various items of payments, and setting forth
the balance of the fund remaining to its credit. The statement shall
be open to public inspection in the office of the treasurer of state.
