1. If an employee who has previously lost, or lost the use of, one hand, one arm, one foot,one leg, or one eye, becomes permanently disabled by a compensable injury which has resulted in the loss of or loss of use of another such member or organ, the employer shall be liableonly for the degree of disabilitywhichwould have resulted from the latter injury ifthere had been no preexisting disability. In addition to such compensation, and after the expiration of the full period provided by law for the payments of compensation by the employer, the employee shall be paid out of the second injury fund created by this subchapter the remainder of such compensation as would be payable for the degree of permanent disability involved afterfirst deducting from the remainder the compensable value of the previously lost member or organ. 2. Any benefits received by any such employee, or to which the employee may be entitled, by reason of such increased disability from any state or federal fund or agency, to which the employee has not directly contributed, shall be regarded as a credit to any award made against the second injury fund.
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