Statute · New York Workers' Compensation Law
N.Y. Workers' Comp. Law § 324 — Distribution of unexpended assets of the special fund
N.Y. Workers' Comp. Law § 324
- Type
- Statute
- Source
- New York Workers' Compensation Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 324. Distribution of unexpended assets of the special fund. Within five years after the period of emergency as defined in the state defense emergency act shall have expired, the chairman shall determine the amount of outstanding liabilities of the special fund and shall establish reasonable…
Citator
N.Y. Workers' Comp. Law § 324 — Distribution of unexpended assets of the special fund is in force in the current edition of the Code, and nothing recorded condemns it.
§ 324. Distribution of unexpended assets of the special fund. Within five years after the period of emergency as defined in the state defense emergency act shall have expired, the chairman shall determine the amount of outstanding liabilities of the special fund and shall establish reasonable reserves to pay to claimants cash benefits, medical care and funeral expenses, and to meet the cost of administering unpaid claims and the expenses of liquidating the fund in a sum allocated for that purpose by the director of the budget, and the same shall become a charge against the fund. Any balance in the fund after establishment of such reserves shall be forthwith paid to the comptroller for the general fund.