State Codes and Statutes

Statutes > New-york > Isc > Article-56 > 5603

§  5603.  Arbitration  administration  fund and expenses. (a) There is  established within the department  an  arbitration  administration  fund  which  shall  be considered to be an expense of the department and shall  be funded by order of the  superintendent,  pursuant  to  section  three  hundred thirty-two of this chapter in such amount as shall be sufficient  to  defray  the actual administrative expenses of the department and the  arbitration  administrator  for  the  projected  number  of  arbitration  proceedings  for  a twelve month period, after taking into consideration  any excessive or insufficient amounts from the previous assessments, any  appropriation of public funds for this purpose and any  funds  collected  from  claimants participating in the arbitration. If the amount assessed  for any twelve month period is insufficient to  defray  expenses  during  that  period, a further assessment may be ordered by the superintendent.  The  arbitration  administrator  shall  establish  reasonable  fees  for  claimants who participate in the arbitration, subject to the approval of  the superintendent.    (b)  The  administrative  expenses shall include but not be limited to  the  costs  of  arbitrators,  the  arbitration  administrator  and   the  department.

State Codes and Statutes

Statutes > New-york > Isc > Article-56 > 5603

§  5603.  Arbitration  administration  fund and expenses. (a) There is  established within the department  an  arbitration  administration  fund  which  shall  be considered to be an expense of the department and shall  be funded by order of the  superintendent,  pursuant  to  section  three  hundred thirty-two of this chapter in such amount as shall be sufficient  to  defray  the actual administrative expenses of the department and the  arbitration  administrator  for  the  projected  number  of  arbitration  proceedings  for  a twelve month period, after taking into consideration  any excessive or insufficient amounts from the previous assessments, any  appropriation of public funds for this purpose and any  funds  collected  from  claimants participating in the arbitration. If the amount assessed  for any twelve month period is insufficient to  defray  expenses  during  that  period, a further assessment may be ordered by the superintendent.  The  arbitration  administrator  shall  establish  reasonable  fees  for  claimants who participate in the arbitration, subject to the approval of  the superintendent.    (b)  The  administrative  expenses shall include but not be limited to  the  costs  of  arbitrators,  the  arbitration  administrator  and   the  department.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Isc > Article-56 > 5603

§  5603.  Arbitration  administration  fund and expenses. (a) There is  established within the department  an  arbitration  administration  fund  which  shall  be considered to be an expense of the department and shall  be funded by order of the  superintendent,  pursuant  to  section  three  hundred thirty-two of this chapter in such amount as shall be sufficient  to  defray  the actual administrative expenses of the department and the  arbitration  administrator  for  the  projected  number  of  arbitration  proceedings  for  a twelve month period, after taking into consideration  any excessive or insufficient amounts from the previous assessments, any  appropriation of public funds for this purpose and any  funds  collected  from  claimants participating in the arbitration. If the amount assessed  for any twelve month period is insufficient to  defray  expenses  during  that  period, a further assessment may be ordered by the superintendent.  The  arbitration  administrator  shall  establish  reasonable  fees  for  claimants who participate in the arbitration, subject to the approval of  the superintendent.    (b)  The  administrative  expenses shall include but not be limited to  the  costs  of  arbitrators,  the  arbitration  administrator  and   the  department.