SB 47 AN ACT relating to the Workers' Compensation Funding Commission

About SB-47

Amend KRS 12.020, 336.020, and 342.1243 to remove the Division of Workers' Compensation Funds; amend KRS 342.120 and 342.265 to replace the Division of Workers' Compensation Funds with the Kentucky Workers' Compensation Funding Commission; amend KRS 342.1223 to allow the commission to administer the fund; amend KRS 342.232 to replace the director of the Division of Workers' Compensation Funds and to make reports annual; amend KRS 342.760 to move the uninsured employers' fund to the Kentucky Workers' Compensation Funding Commission; replace the secretary of the Labor Cabinet with the board of directors of the commission; remove the Labor Cabinet from this section; amend KRS 342.765 to replace the secretary with board of directors; replace the reference to the Interim Joint Committee on Labor and Industry with the Interim Joint Committee on Economic Development and Workforce Investment; amend KRS 393.082 to replace the Labor Cabinet with the Kentucky Workers' Compensation Funding Commission; amend KRS 342.0015 to conform.