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Legal Resources | Labor Code |  LC  3728  

Cash revolving fund.   

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The director may draw from the State Treasury out of the appropriation made to the Uninsured Employers Fund for the purposes of Sections 3716 and 3716.1, without at the time presenting vouchers and itemized statements, a sum not to exceed in the aggregate the level provided for pursuant to Section 16400 of the Government Code, to be used as a cash revolving fund. The revolving fund shall be deposited in such banks and under such conditions as the Department of General Services determines. The Controller shall draw his warrants in favor of the Director of Industrial Relations for the amounts so withdrawn and the Treasurer shall pay such warrants.

Expenditures made from the revolving fund in payment of claims for compensation and for administrative and adjusting services rendered herein are exempted from the operation of Section 925.6 of the Government Code. Reimbursement of the revolving fund for these expenditures shall be made upon presentation to the Controller of an abstract or statement of the expenditures. The abstract or statement shall be in such form as the Controller requires.

(Amended by Stats. 1991, Ch. 100, Sec. 1.)