§ 176.591 — State Compensation Revolving Fund
Plain-Language Summary
This section creates the state compensation revolving fund to help the state meet its workers' compensation obligations under this chapter. The fund holds the unexpended balance that existed on July 1, 1935, plus amounts that the various state departments pay into it. The commissioner of management and budget is the custodian of the fund and makes compensation payments from it only when authorized by this chapter and requested by the commissioner of administration.
176.591 STATE COMPENSATION REVOLVING FUND.
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Subdivision 1.Establishment.
To facilitate the discharge by the state of its obligations under this chapter, there is established a revolving fund to be known as the state compensation revolving fund.
This fund is comprised of the unexpended balance in the fund on July 1, 1935, and the sums which the several departments of the state pay to the fund. §
Subd. 2.Commissioner of management and budget as custodian.
The commissioner of management and budget is custodian of this fund. §
Subd. 3.Compensation payments upon request.
The commissioner of management and budget shall make compensation payments from the fund only as authorized by this chapter upon request of the commissioner of administration.
History:
1953 c 755 s 76; 1973 c 388 s 145; 1987 c 332 s 108; 2003 c 112 art 2 s 50; 2008 c 204 s 35; 2009 c 101 art 2 s 109; 1Sp2019 c 10 art 3 s 27
History: History: 1953 c 755 s 76; 1973 c 388 s 145; 1987 c 332 s 108; 2003 c 112 art 2 s 50; 2008 c 204 s 35; 2009 c 101 art 2 s 109; 1Sp2019 c 10 art 3 s 27