Inadequacy of fund. If the property fund does not have sufficient assets to pay claims that are due, the secretary of administration shall transfer from the general fund to the property LOCAL GOVERNMENT PROPERTY INSURANCE FUND 605.303 fund an amount sufficient to pay the losses and shall pay the losses. The property fund shall thereafter repay the general fund this amount and the secretary of administration shall transfer the amount as soon as there are assets in the property fund.
Wis. Stat. § 605.30
Inadequacy of fund. Cross-reference: See definitions in ss. 600.03 and 628.02
1973 c. 117; 2003 a. 33.
Official source: Wisconsin State Legislature. Reproduced from public-domain Wisconsin statutes; confirm against the official source for the current text. Not legal advice.