There is established a Subsequent Injury Trust Fund which shall be of a perpetual, nonlapsing nature for the sole purpose of making payments in accordance with this article. The fund shall be administered by the administrator of the Subsequent Injury Trust Fund. All moneys in the fund shall be held in trust and shall not be money or property of the state. The board of trustees created by Code Section 34-9-354 shall be authorized to invest the moneys of the fund in the same manner as provided by law for investments by domestic insurers (Chapter 11 of Title 33). The board of trustees shall be authorized to designate the state treasurer as custodian of the fund for the purpose of investing the fund. In the event the state treasurer is appointed custodian he shall have exclusive control of the investment of the fund; and the trustees shall be absolved of any responsibility for such fund. The custodian shall be authorized to disburse moneys from the fund only upon written order of the administrator.
History. Code 1933, § 114-901, enacted by Ga. L. 1977, p. 608, § 1; Ga. L. 1993, p. 1402, § 18; Ga. L. 2010, p. 863, § 3/SB 296.
Structure Georgia Code
Title 34 - Labor and Industrial Relations
Chapter 9 - Workers’ Compensation
Article 9 - Subsequent Injury Trust Fund
§ 34-9-350. Purpose and Construction of Article
§ 34-9-351.1. Exclusion From Eligibility for Reimbursement of Certain Self-Insured Employers
§ 34-9-352. Creation and Authority of Subsequent Injury Trust Fund; State Treasurer as Custodian
§ 34-9-353. Surety Bonds of Administrator and Custodian
§ 34-9-355. Appointment of Administrator; Administration of Article; Members of Retirement System
§ 34-9-358. Payment of Assessments to Fund by Insurers and Self-Insurers; Calculations
§ 34-9-359. Reports by Employers of Compensation and Benefits Paid; Failure to Pay Assessments
§ 34-9-361. Employer’s Knowledge of Employee’s Preexisting Permanent Impairment
§ 34-9-362. Notice by Employer or Insurer of Claim Against Fund; Request for a Hearing
§ 34-9-364. Apportionment or Denial of Reimbursement for Expenses Paid by Employer or Insurer
§ 34-9-365. Injuries to Which Article Is Applicable
§ 34-9-366. Binding of Fund to Questions Determined in Proceedings to Which It Was Not a Party
§ 34-9-367. Liability of Fund for Interest or Attorney’s Fees