Administration & Information, Dept. of
Local Government Self-Insurance Program
Chapter 10: Interfund Transfer; Repayment to Account; Investment of Funds
Effective Date: 07/20/1989 to Current
Rule Type: Current Rules & Regulations
Reference Number: 006.0003.10.07201989
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CHAPTER X

INTERFUND TRANSFER; REPAYMENT TO ACCOUNT; INVESTMENT OF FUNDS

  Section 1. Interfund Transfer. Upon certification by the governor to the State Treasurer that there are inadequate monies in the local government insurance account to meet the obligations under W.S. 1-42- 103, the State Treasurer shall utilize an interfund transfer from the legislative government royalty impact assistance account created by W.S. 9-4-601(b)(ii) to the local government insurance account in an accumulated amount not to exceed five million dollars ($5,000,000.00) to make payments authorized under W.S. 1-42-103 which cannot be paid due to the insufficiency of any other revenues available.

  Section 2. Repayment to Account. Monies advanced to the account shall be repaid from the account to the legislative government royalty impact assistance account at a rate of interest and upon terms set by the board of deposits upon the recommendation of the division.

  Section 3. Investment of funds. The state treasurer shall invest any portion of the funds in the account, including reserves, which the risk manager determines is not needed for immediate use. Invest- ments shall be made as authorized by W.S. 9-4-701.


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