VETOES

moneys in the fund in any securities in which other funds of the
State may be legally invested, and shall sell any of the
securities in which the fund is invested at any time necessary
for the proper administration and protection thereof, or in its
best interest, or for the purposes of making payments therefrom.
Disbursement from the fund, for the purpose of paying benefits to
claimants or dependents, shall be made by the Treasurer only upon
written order of the Workmen's Compensation Commission.
Disbursements from the fund for any other purpose made pursuant
to this section shall be made by the Treasurer only at the
direction of the Director of the Subsequent Injury Fund pursuant
to authority from the Subsequent Injury Fund Board. The
Treasurer, as custodian of the fund, shall furnish annually to
the Subsequent Injury Fund Board a statement of the fund setting
forth the balance thereof as of the beginning of the preceding
year, the income therefrom, and the sources thereof, the payments
from the fund in itemized form, and the balance on hand as of the
preceding December 31. Such statement shall be published by the
Subsequent Injury Fund Board and be open to public inspection in
its office at all reasonable times. The Treasurer shall advise
the Subsequent Injury Fund Board at least quarterly, and oftener
if requested, as to the amount of the fund in his hands.

[(4) When assets of the Subsequent Injury Fund equal or
exceed one million dollars ($1,000,000.00), after deduction of
any disbursement necessary to accomplish the purposes of this
section, the Subsequent Injury Fund Board shall notify the
Workmen's Compensation Commission that no further contribution
thereto shall be required by employers or insurance carriers, or
the State Accident Fund. If, however, the amount of the assets
of the Subsequent injury Fund shall be subjected to reduction
below five hundred thousand dollars ($500,000.00) because of
disbursements necessary to accomplish the purposes of this
section, to be made within the following year, the Subsequent
Injury Fund Board shall notify the Commission, and the Commission
shall notify all employers, their insurance carriers; and the
State Accident Fund that such contributions are forthwith to be
resumed as of the date set in such notice, and such contributions
shall thereafter continue as above provided in all cases above
specified after the effective date of said notice, and such
contributions shall thereafter continue until the fund shall
again amount to one million dollars ($1,000,000.00).]

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1987.

SECTION 2. AND BE IT FURTHER ENACTED, That the Director of
the Subsequent, Injury Fund shall report to the General Assembly
by January 20, 1989 on the effect of the implementation of the
increased percentage amount made payable to the Subsequent Injury

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