§ 6-17-1403 - Financing coverage. - Arkansas Statutes

6-17-1403. Financing coverage.

(a) The General Assembly shall biennially appropriate funds as it shall deem necessary to cover awards made to school district employees under the provisions of this subchapter.

(b) All funds so appropriated by the General Assembly shall be deposited in the Workers' Compensation Revolving Fund, and all awards made under the provisions of this subchapter shall be paid from the fund on vouchers drawn by the Workers' Compensation Commission.

(c) Annually on July 1, the commission shall certify to the Chief Fiscal Officer of the State the amounts of all awards made and paid during the preceding year to or in behalf of public school employees, and the Chief Fiscal Officer of the State shall cause to be transferred to the Workers' Compensation Revolving Fund from the Public School Fund the amount as was certified to him or her as having been paid hereunder in behalf of public school employees.

(d) The Commissioner of Education shall also cause to be transferred to the Workers' Compensation Revolving Fund from the Public School Fund such amounts as may be certified to him or her by the commission as the cost of administering the provisions of this subchapter for public school employees.