Rule 622-1-.02

Cost of Administration; Budget

(1)   The operating budget of the Subsequent Injury Trust Fund shall be computed on a fiscal year basis, and the Subsequent Injury Trust Fund’s fiscal year shall be the same as the fiscal year for the State of Georgia.

(2)   The administrator shall submit to the Board of Trustees a proposed budget covering the cost of administration of the fund for each fiscal year. This budget should be submitted no later than the third quarter of the fiscal year preceding the fiscal year in the proposed budget. The budget shall be reviewed by the Board of Trustees at the quarterly board meeting corresponding with the third quarter and submitted to the Office of Planning and Budget for comment. This budget proposal should be returned to the Board of Trustees by the Office of Planning and Budget within a reasonable time to enable implementation of the budget by the Board of Trustees.