Section 206 – Limitations on fund balance.

Effective 5/8/2018
38-11-206. Limitations on fund balance.
By October 1 of each year, the division shall provide a written report to the Legislature and the Business and Labor Interim Committee that describes:

• (1) the amount of money in the fund, including the encumbered fund balance;

• (2) an estimate of when the fund will have insufficient money to continue to pay claims under this chapter; and

• (3) a recommendation to the Legislature of whether the substantive provisions of this chapter should be repealed due to insufficient money in the fund.

Repealed and Re-enacted by Chapter 229, 2018 General Session