§ 160-ggg. Plan of operation. 1. Within seventy-five days of the
appointment of the fund's board of directors, the fund shall file with
the workers' compensation board and local taxi and limousine commissions
its plan of operation, which shall be designed to assure the fair,
reasonable and equitable administration of the fund. The plan of
operation and any subsequent amendments thereto shall become effective
upon being filed with the workers' compensation board and all taxi and
limousine commissions.

2. The plan of operation shall constitute the by-laws of the fund and
shall, in addition to the requirements enumerated elsewhere in this
article:

(a) establish procedures for collecting and managing the assets of the
fund;

(b) establish regular places and times for meetings of the fund's
board of directors;

(c) establish accounting and record-keeping procedures for all
financial transactions of the fund, its agents and the board of
directors;

(d) establish a procedure for determining and collecting the
appropriate amount of assessments under this article; and

(e) contain such additional provisions as the board of directors of
the fund may deem necessary or proper for the execution of the powers
and duties of the fund.