§ 1309 - -Reports - Vermont Statutes

§ 1309. -Reports

Before the first day of July of each year, the commissioner shall submit to the governor a report covering the administration and operation of this chapter during the preceding calendar year. The report shall include a balance sheet of the moneys in the fund and data as to probable reserve requirements based upon accepted actuarial principles, with respect to business activity, and other relevant factors for the longest available period. The report shall also include such recommendations for amendments of this chapter as the board considers proper. Whenever the commissioner believes that the solvency of the fund is in danger, he or she shall promptly so inform the governor, and make recommendations with respect thereto. (Amended 1959, No. 329 (Adj. Sess.), § 22, eff. March 1, 1961; 1961, No. 210, § 5, eff. July 11, 1961.)