| 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, |
| more than $6,735,000 beginning in the 1999-00 fiscal year, |
| more than $7,035,000 in the 2001-02 fiscal year or more than |
| $6,860,000 beginning in the 2002-03 fiscal year. Assessments |
| collected that exceed $6,000,000 beginning in the 1995-96 |
| fiscal year, $6,600,000 beginning in the 1997-98 fiscal year, |
| $6,735,000 beginning in the 1999-00 fiscal year, $7,035,000 in |
| fiscal year 2001-02 or $6,860,000 beginning in the 2002-03 |
| fiscal year 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. The board, by a majority vote of its membership, may |
| use its reserve to assist in funding its Personal Services |
| account expenditures and All Other account expenditures and to |
| help defray the costs incurred by the board pursuant to this |
| Act including administrative expenses, consulting fees and all |
| other reasonable costs incurred to administer this Act. 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. |
