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. |