§ 109-f. Expenses of administration. The expense of administering the
fund shall be paid out of the fund. Prior to the first days of January,
April, July and October there shall be submitted to the director of the
budget for approval an estimated budget of expenditures for the
succeeding three months. There may not be expended for the purpose of
administering the fund more than the amounts as authorized by the
director of the budget. The superintendent of financial services shall
serve as administrator of the fund without additional compensation, but
may be allowed and paid from the fund expenses incurred in the
performance of his duties in connection with the fund. The compensation
of those persons employed by the superintendent of financial services,
within the amounts approved by the director of the budget, shall be
deemed administration expense payable from the fund. The superintendent
of financial services shall include in his annual report to the
legislature a statement of the expense of administering the fund for the
preceding year.