(1) There is created a private purpose trust fund entitled the "Firefighter Cancer Benefit Trust Fund." (2) The trust fund consists of: (a) appropriations made to the fund by the Legislature, if any; (b) private donations and grants; and (c) other revenue received from other sources. (3) The board shall: (a) account for the receipt and expenditures of trust fund money; or (b) enter into contract with a third-party administrator to administer the fund and account for the receipt and expenditure of trust fund money. (4) (a) The trust fund shall earn interest. (b) The trust fund's earned interest shall remain in the trust. (5) The board may expend money from the trust fund for reasonable administrative costs that the board incurs for administering the trust fund. (6) Assets of the trust fund are dedicated for the purposes established by statute and administrative rule. (7) Creditors of the board and of employers liable for the benefits paid under this chapter may not seize, attach, or otherwise obtain assets of the trust fund.
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