§ 8-403. Composition and use  


Latest version.



  •    (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.


HISTORY: An. Code 1957, art. 95A, § 10; 1991, ch. 8, § 2.