2013 Mississippi Code
Title 71 - LABOR AND INDUSTRY
Chapter 3 - WORKERS' COMPENSATION
GENERAL PROVISIONS
§ 71-3-97 - Administration expense fund
(1) There is hereby established in the state treasury a special fund for the purpose of providing for the payment of all expenses in respect to the administration of this chapter. Such fund shall be administered by the commission. The state treasurer shall be the custodian of such funds, and all monies and securities in such fund shall be held in trust by such treasurer and shall not be the money or property of the state.
(2) The state treasurer is authorized to disburse monies from such fund only upon order of the commission. The official bond of the state treasurer shall be conditioned for the faithful performance of his duty hereunder.
(3) The state treasurer shall deposit any monies paid into such fund into such qualified depository banks as the commission may designate, and is authorized to invest any portion of the fund which, in the opinion of the commission, is not needed for current requirements, in the same manner and subject to all the provisions of the law with respect to the deposit of state funds by such treasurer. All interest earned by such portion of the fund as may be invested by the state treasurer shall be collected by him and placed to the credit of such fund.
(4) All civil penalties provided in this chapter, if not voluntarily paid, may be collected by civil suit brought by the commission, and shall be paid into such fund.
Disclaimer: These codes may not be the most recent version. Mississippi may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
