2013 New York Consolidated Laws
ISC - Insurance
Article 76 - (7601 - 7614) PROPERTY/CASUALTY SECURITY FUNDS
7611 - Expense of administering funds.

 
    §   7611.   Expense   of  administering  funds.  (a)  The  expense  of
  administering each fund shall be paid out of such  fund.  Prior  to  the
  first days of January, April, July and October, there shall be submitted
  to  the  director  of  the  budget  for  approval an estimated budget of
  expenditures for the succeeding three months.
    (b) There may not be expended for the  purpose  of  administering  the
  funds more than the amounts as authorized by the director of the budget.
  The  superintendent  shall  serve  as administrator of the funds without
  additional compensation, but may be allowed and paid from the funds  the
  expenses incurred in performing his duties in connection with the funds.
  The  compensation  of persons employed by the superintendent, within the
  amounts approved  by  the  director  of  the  budget,  shall  be  deemed
  administration expense payable from the funds.