304.2-420 Transfer of funds to insurance regulatory trust fund
to cover deficiency. When there exists in the insurance
regulatory trust fund a deficiency which would render such fund
insufficient to meet the department's funding requirements, the
secretary of the Finance and Administration Cabinet may order a
transfer of moneys from another fund in the State Treasury to the
insurance regulatory trust fund in order to meet the deficiency
without resorting to the necessity of borrowing money and paying
interest thereon. The fund from which any moneys are transferred
shall be repaid the amount transferred from it not later than the
end of the biennium in which such transfer is made, the date of
repayment to be specified in the order of the secretary of the
Finance and Administration Cabinet. Effective: July 15, 1986
History: Created 1986 Ky. Acts ch. 437, sec. 37, effective
July 15, 1986.
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