(b) Procedure for Establishment of Fund

When the court establishes or approves a designated or qualified settlement fund that will be held in the registry, the court will also designate or approve a person outside the court as the administrator responsible for obtaining the employer identification number for the fund, filing all fiduciary tax returns, and paying any tax.  The court will either approve the person that the settlement agreement names as administrator or designate the party that deposited the funds into court.