App.A:9-57.18. Reserves
96 words·~1 min read·
/nj/title-app-a/chapter-9/app-a-9-57-18·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Within five years after the direction by the Legislature by joint resolution to such effect, the Claim Committee shall determine the amount of outstanding liabilities of the special fund and shall establish reasonable reserves to pay to claimants weekly benefits for total disability, expenses of medical and hospital care and death benefits, and to meet the cost of administering any unpaid claims and the same shall become a charge against the fund. Any balance in the fund after the establishment of such reserves shall lapse into the State treasury.
L.1952, c. 12, p. 60, s. 18.