N.Y. Executive Law § 160-ggg: Plan of operation

§ 160-ggg. Plan of operation. 1. Within seventy-five days of the

appointment of the fund's board of directors, the fund shall file with

the workers' compensation board and local taxi and limousine commissions

its plan of operation, which shall be designed to assure the fair,

reasonable and equitable administration of the fund. The plan of

operation and any subsequent amendments thereto shall become effective

upon being filed with the workers' compensation board and all taxi and

limousine commissions.

2. The plan of operation shall constitute the by-laws of the fund and

shall, in addition to the requirements enumerated elsewhere in this

article:

(a) establish procedures for collecting and managing the assets of the

fund;

(b) establish regular places and times for meetings of the fund's

board of directors;

(c) establish accounting and record-keeping procedures for all

financial transactions of the fund, its agents and the board of

directors;

(d) establish a procedure for determining and collecting the

appropriate amount of assessments under this article; and

(e) contain such additional provisions as the board of directors of

the fund may deem necessary or proper for the execution of the powers

and duties of the fund.