KRS 304.2-420: Transfer of funds to insurance regulatory trust fund to cover deficiency.

When there exists in the insurance regulatory trust fund a deficiency which would render

such fund insufficient to meet the department's funding requirements, the secretary of the

Finance and Administration Cabinet may order a transfer of moneys from another fund in

the State Treasury to the insurance regulatory trust fund in order to meet the deficiency

without resorting to the necessity of borrowing money and paying interest thereon. The

fund from which any moneys are transferred shall be repaid the amou nt transferred from

it not later than the end of the biennium in which such transfer is made, the date of

repayment to be specified in the order of the secretary of the Finance and Administration

Cabinet.