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Home » US Law » 2020 Arkansas Code » Title 19 - Public Finance » Chapter 5 - Revenue Stabilization Law » Subchapter 8 - Reimbursement of Workers' Compensation Benefits

§ 19-5-801. Purpose

It is the purpose of this subchapter that all programs, regardless of their funding source, contribute equally to the cost of workers’ compensation benefits charged to the state agencies operating such programs.

§ 19-5-802. Definitions

As used in this subchapter, unless the context otherwise requires: (1) “Contribution” means a percentage of payroll expenditures paid to the Workers’ Compensation Revolving Fund by a state agency in order to provide current and timely reimbursements of benefits paid by the Workers’ Compensation Commission for workers’ compensation benefits charged to the agency; (2) “Experience […]

§ 19-5-803. Applicability

It is the intent of the General Assembly that the provisions of the workers’ compensation laws contained in § 11-9-502 apply to state agencies and that “employer” as used in that statute includes state agencies.

§ 19-5-804. Administration

This subchapter shall be administered by the Chief Fiscal Officer of the State. The Chief Fiscal Officer of the State shall have the authority to establish procedures and to make such rules as are necessary to enforce the provisions of this subchapter.

§ 19-5-805. Workers’ Compensation Revolving Fund

(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the “Workers’ Compensation Revolving Fund”. (b) The Workers’ Compensation Revolving Fund shall consist of employer workers’ compensation benefits contributions made under § 19-5-806 and temporary […]

§ 19-5-806. Contributions generally

(a) Each state agency shall make contributions to the Workers’ Compensation Revolving Fund, using the experience rate determined in accordance with this section, from personal services matching costs funds within fourteen (14) calendar days following the end of each calendar quarter. The experience rate for each even-numbered fiscal year will be used to fix the […]

§ 19-5-807. Maximum contributions

In the event a state agency builds a deficit which would require a contribution rate greater than two percent (2%), the agency shall continue to make contributions at the rate of two percent (2%) until any deficit owed the fund is repaid. In the event an agency’s experience rate exceeds two percent (2%) for one […]

§ 19-5-808. Loans

If the Workers’ Compensation Revolving Fund does not have sufficient funds available from contributions by state agencies for paying awarded workers’ compensation benefits to state employees, loans may be made from the Budget Stabilization Trust Fund to make such payments. Any loans made to the Workers’ Compensation Revolving Fund shall be repaid by June 30 […]

§ 19-5-809. Financing

Financing the provisions of this subchapter shall be provided within the appropriations and financing authority as authorized by the General Assembly for personal services matching costs.