KRS 18A.375: State employee workers' compensation fund.

(1) There is hereby established a state employee workers' compensation fund which

shall be administered by the Personnel Cabinet's Office of Employee Relations. The

purpose of this fund shall be to self -insure workers' compensation benefits for state

employees.

(2) All moneys contributed by participants of the fund, or derived from federal funds,

shall be credited to and constitute a part of the state employee workers'

compensation fund.

(3) The State Treasurer, with the approval of the Finance and Administrati on Cabinet,

may invest the state employee benefit workers' compensation fund. Any income

derived from these investments, or dividends, shall be credited to and become a part

of the general fund. Any moneys remaining in the fund after all claims, premiums or

subscription charges, and other expenses have been paid, shall be retained in the

fund. All moneys remaining in the state employee workers' compensation fund on

July 1, or deposited thereafter, shall be deemed a trust and agency account and shall

not lapse, but shall be continuously appropriated only for the purposes specified in

KRS 18A.375 to 18A.385.