(a) The governing board of each state agency participating in the group benefits program shall pay to the board of trustees an amount equal to the amount appropriated by the legislature for each employee's individual group coverages or dependents' group coverages for the agency's employees who are, and annuitants who were, compensated from funds not appropriated in the General Appropriations Act.
(b) The state agency shall:
(1) include the required contributions from funds not appropriated in the General Appropriations Act in its annual operating budget;
(2) ensure current participant coverages based on the records of the board of trustees;
(3) make timely payments of amounts due the board of trustees from all fund sources under the state agency's control; and
(4) each month reconcile board of trustees and state agency records of coverages and payments.