Okla. Stat. tit. 85A, § 85A-28
This is the official text of Okla. Stat. tit. 85A, § 85A-28, part of Oklahoma’s Stat. tit. 85A, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 85A,." Browse the sections below, each linked to its official government source.
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Multiple Injury Trust Fund - Self-insurance Guaranty Fund
Official statutory text
A. There are established within the Office of the State
Treasurer two separate funds:
1. The "Multiple Injury Trust Fund"; and
2. The "Self-insurance Guaranty Fund".
B. Except as provided in Section 97 of this title, no money
shall be appropriated from these funds for any purpose except for
the use and benefit, or at the direction, of the Oklahoma Workers'
Compensation Commission.
C. Except as provided in Section 96 of this title, all funds
established under this section shall be administered, disbursed, and
invested under the direction of the Commission and the State
Treasurer.
D. All incomes derived through investment of the Multiple
Injury Trust Fund shall be credited as investment income to the fund
that participated in the investment.
E. No monies deposited to these funds shall be subject to any
deduction, tax, levy, or any other type of assessment.
F. If the balance in the Multiple Injury Trust Fund becomes
insufficient to fully compensate those employees to whom it is
obligated, payment shall be suspended until such time as the
Multiple Injury Trust Fund is capable of meeting its obligations,
paying all arrearages, and restoring normal benefit payments.
G. On the effective maturity dates of each investment, the
investment shall be transferred to the State Treasurer for deposit
into the Multiple Injury Trust Fund created in this section.
H. Unless provided otherwise in the Administrative Workers'
Compensation Act, all fines and penalties assessed under the
Oklahoma Statutes - Title 85A. Workers' Compensation Page 50
Administrative Workers' Compensation Act shall be deposited into the
Workers' Compensation Commission Revolving Fund. Any monies
remaining in the Workers' Compensation Fund on June 30, 2015, shall
be transferred to the Workers' Compensation Commission Revolving
Fund.
Treasurer two separate funds:
1. The "Multiple Injury Trust Fund"; and
2. The "Self-insurance Guaranty Fund".
B. Except as provided in Section 97 of this title, no money
shall be appropriated from these funds for any purpose except for
the use and benefit, or at the direction, of the Oklahoma Workers'
Compensation Commission.
C. Except as provided in Section 96 of this title, all funds
established under this section shall be administered, disbursed, and
invested under the direction of the Commission and the State
Treasurer.
D. All incomes derived through investment of the Multiple
Injury Trust Fund shall be credited as investment income to the fund
that participated in the investment.
E. No monies deposited to these funds shall be subject to any
deduction, tax, levy, or any other type of assessment.
F. If the balance in the Multiple Injury Trust Fund becomes
insufficient to fully compensate those employees to whom it is
obligated, payment shall be suspended until such time as the
Multiple Injury Trust Fund is capable of meeting its obligations,
paying all arrearages, and restoring normal benefit payments.
G. On the effective maturity dates of each investment, the
investment shall be transferred to the State Treasurer for deposit
into the Multiple Injury Trust Fund created in this section.
H. Unless provided otherwise in the Administrative Workers'
Compensation Act, all fines and penalties assessed under the
Oklahoma Statutes - Title 85A. Workers' Compensation Page 50
Administrative Workers' Compensation Act shall be deposited into the
Workers' Compensation Commission Revolving Fund. Any monies
remaining in the Workers' Compensation Fund on June 30, 2015, shall
be transferred to the Workers' Compensation Commission Revolving
Fund.
Status: in_force · Read it on the official government site
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