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committee of the Legislature having jurisdiction over labor matters | | whenever the board receives approval from the State Budget Officer | | and the Governor to use reserve funds to increase its allotment | | above the allocation authorized by the Legislature. Any collected | | amounts or savings above the allowed reserve must be used to reduce | | the assessment for the following fiscal year. The board shall | | determine the assessments prior to May 1st and shall assess each | | insurance company or association and self-insured employer its pro | | rata share for expenditures during the fiscal year beginning July | | 1st. Each self-insured employer shall pay the assessment on or | | before June 1st. Each insurance company or association shall pay | | the assessment in accordance with subsection 3. |
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| | | Sec. 3. Review. A commission is established to review the budget | | process of the Workers' Compensation Board. |
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| | | 1. Members. The commission consists of 2 Senators appointed | | by the President of the Senate, one representing each of the 2 | | political parties in the Legislature with the greatest number of | | members, 2 members of the House of Representatives appointed by | | the Speaker of the House of Representatives, one representing | | each of the 2 political parties in the Legislature with the | | greatest number of members, and 2 members of the Workers' | | Compensation Board, one representing and appointed by the labor | | members of the board and one representing and appointed by the | | management members of the board. |
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| | | 2. Chairs. The first-named Senator and the first-named | | member of the House of Representatives are the chairs of the | | commission. |
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| | | 3. Appointments; convening of commission. All appointments | | must be made no later than 30 days following the effective date | | of this Act. The appointing authorities shall notify the | | Executive Director of the Legislative Council once all | | appointments have been completed. Within 15 days after | | appointment of all members, the chairs shall call and convene the | | first meeting of the commission. |
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| | | 4. Duties. The commission shall review the process used by | | the Workers' Compensation Board to establish, approve and monitor | | its budget and determine whether improvements are needed. The | | commission shall determine whether recommendations regarding the | | budget process contained in the 1997 Coopers and Lybrand report | | and the 2001 Berry, Dunn, McNeil and Parker report have been | | implemented and, if not, whether and how they should be | | implemented. |
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