342.765 Administration of fund -- Transfer of reimbursement funds -- Reports.

159 words·~1 min read·/ky/chapter-342/342-765

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(1)Notwithstanding the provisions of KRS Chapter 342 to the contrary, the office

of the Attorney General shall be responsible for the administration of the

uninsured employers' fund and shall be charged with the conservation of the

assets of the fund. Funds to reimburse the Attorney General's office for

expenses incurred in litigation and administration in defense of the uninsured

employers' fund shall be transferred upon request of the Attorney General's

office and approval by the secretary of the Education and Labor Cabinet.

(2)The office of the Attorney General shall report monthly to the Interim Joint

Committee on Appropriations and Revenue, the Interim Joint Committee on

Economic Development and Workforce Investment, and the commissioner the

amount of the agency fund expenditures in each month for the uninsured

employers' fund and the nature of these expenditures. In addition, the Office of

the Attorney General shall report quarterly to the commissioner on the amount

of funds recouped from uninsured employers.