| 6. Assessment levied. The assessments levied under this |
section may not be designed to produce more than $6,000,000 in |
revenues annually beginning in the 1995-96 fiscal year, more than |
$6,600,000 annually beginning in the 1997-98 fiscal year or, more |
than $6,735,000 beginning in the 1999-00 fiscal year or more than |
$7,035,000 beginning in fiscal year 2001-02. Assessments |
collected that exceed $6,000,000 beginning in the 1995-96 fiscal |
year, $6,600,000 beginning in the 1997-98 fiscal year or |
$6,735,000 beginning in the 1999-00 fiscal year or $7,035,000 |
beginning in fiscal year 2001-02 by a margin of more than 10% |
must be refunded to those who paid the assessment. Any amount |
collected above the board's allocated budget and within the 10% |
margin must be used to create a reserve of up to 1/4 of the |
board's annual budget. 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. |