Note
Part heading amended by L 2013, c 100, §8.
§392-61 Establishment of trust fund for disability benefits. There is established in the treasury of the State, separate and apart from all public moneys or funds of the State, a trust fund for disability benefits which shall be administered by the director exclusively for the purposes of this chapter; and for the establishment and maintenance of a family leave data collection system under section 398-9.5. All contributions pursuant to this part shall be paid into the fund and all benefits payable under this part shall be paid from the fund. The fund shall consist of[:]
(1) All contributions collected pursuant to this part, together with any interest thereon;
(2) All fines and penalties for the fund pursuant to this chapter;
(3) All moneys collected by way of subrogation;
(4) Interest earned on any moneys in the fund;
(5) Any property or securities acquired through the use of moneys belonging to the fund;
(6) All earnings of such property and securities; and
(7) All other moneys received for the fund from any source. [L 1969, c 148, pt of §1; am L Sp 2009, c 7, §3; am L 2013, c 100, §6]
Revision Note
In the last sentence, (1) to (7) reformatted as paragraphs (1) to (7) pursuant to §23G-15.
Section: Previous 392-46 392-47 392-48 392-49 392-50 392-51 392-52 392-61 392-62 392-63 392-64 392-65 392-66 392-67 392-68 NextLast modified: October 27, 2016