§23-3-2. Custody, investment and disbursement of funds.
The state treasurer is the custodian of the workers'
compensation fund and all premiums, deposits or other moneys
payable to each fund shall be deposited in the state treasury to
the credit of the fund for which it was assessed, transferred or
collected in the manner prescribed in this chapter. The workers'
compensation fund shall consist of the premiums and deposits
provided by this chapter and any other moneys or funds given,
appropriated or otherwise designated or accruing to it and all
earnings. The fund shall be a separate and distinct fund upon the
books and records of the auditor and treasurer. Disbursements
therefrom shall be made upon requisitions signed by the executive
The workers' compensation fund is a participant plan as
defined in section two, article six, chapter twelve of this code
and is subject to the provisions of section nine-a of said article.
The fund shall be invested by the investment management board in
accordance with said article.