thereof as may be necessary, is appropriated to the Landslide
Insurance Fund for the fiscal year July 1, 2019, through June
30, 2020.
(b) Assistance fund.--The sum of $2,500,000, or as much
thereof as may be necessary, is appropriated to the Landslide
Assistance Fund for the fiscal year July 1, 2019, through June
30, 2020.
(c) Board.--Money in the insurance fund and in the
assistance fund is appropriated to the board in such amounts as
may be determined annually by the Governor to be used for the
specified purposes of this act.
(d) Additional appropriations.--If, upon completion of the
annual examination and audit, it is determined that the total
asset value of either the insurance fund or assistance fund is
less than $2,500,000, any additional sum as may be necessary to
increase the total asset value of the insurance fund or the
insurance fund and the assistance fund to $2,500,000 shall be
appropriated.
Section 906. Cost of administration.
The board shall keep an accurate account of money paid in
premiums by the subscribers and disbursements on account of
damages to premises. If, at the expiration of any year, there is
a balance remaining after deducting the disbursements, the
unearned premiums on undetermined risks and the percentage of
premiums paid or payable to create or maintain the surplus
provided under this act, and after setting aside an adequate
reserve, the board may determine to allocate to the cost of
administering the insurance fund.
Section 907. Commissions.
Money from the insurance fund shall be available to pay a
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