Commissioner of taxation and finance custodian of fund

Workers' Compensation

Section: 85

Jurisdiction: NY

Bluebook Citation: N.Y. Workers’ Comp. Law § 85

§ 85. Commissioner of taxation and finance custodian of fund. The\ncommissioner of taxation and finance shall be the custodian of the state\ninsurance fund; and all disbursements therefrom shall be paid by him\nupon drafts signed by the executive director, deputy executive director\nor an assistant director authorized for that purpose by the\ncommissioners or by checks signed by one of such officers and by the\ncommissioner of taxation and finance. He may deposit any portion of the\nstate fund not needed for immediate use, in the manner and subject to\nall the provisions of law respecting the deposit of other state funds by\nhim. Interest earned by such portion of the state insurance fund\ndeposited by him, shall be collected by him and placed to the credit of\nthe fund.\n

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