Unannotated Code of Maryland (Last Updated: May 16, 2014) |
LABOR AND EMPLOYMENT |
TITLE 8. UNEMPLOYMENT INSURANCE |
SUBTITLE 4. FUNDS |
PART I. UNEMPLOYMENT INSURANCE FUND |
§ 8-403. Composition and use
Latest version.
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(a) Composition. -- The Unemployment Insurance Fund shall consist of:
(1) contributions;
(2) reimbursement payments collected under Subtitle 6, Part III of this title;
(3) interest earned on money in the Fund;
(4) property or securities acquired with money that belongs to the Fund;
(5) money earned from the property or securities;
(6) money received from the Federal Unemployment Account in the Unemployment Trust Fund in accordance with Title XII of the Social Security Act;
(7) money credited to the State Unemployment Trust Fund Account under § 903 of the Social Security Act; and
(8) money received for the Fund from any other source.
(b) Commingling required. -- Money in the Unemployment Insurance Fund shall be commingled.
(c) Use. -- The Unemployment Insurance Fund shall be used only for the purposes of this title.