RS 3:558.12 Distribution of proceeds
§558.12. Distribution of proceeds
A. On or before the last day of each month, the department shall transmit the refunds requested for the previous month and deliver the balance of the proceeds of the assessments to the board.
B. The department may retain the actual costs of collecting and transmitting the funds, not to exceed three percent of the gross amount of the funds collected from each assessment.
C. The board shall retain such amounts as are necessary for the administrative expenses of the board.
Acts 1990, No. 189, §1.