§ 50-7-507. Investment and Securing of Funds — Interest
All moneys in the state treasury in funds created by this chapter shall be invested and secured under title 9, chapter 4, parts 1-4 and 6-8; provided, that in the event of any conflict between this section and § 50-7-501(b), § 50-7-501(b) shall control. The state treasurer shall periodically review the balances in the various […]
§ 50-7-503. Unemployment Compensation Special Administrative Fund
There is created in the state treasury a fund to be known as the “unemployment compensation special administrative fund,” which shall consist of interest collected on delinquent payments pursuant to § 50-7-404(a), the penalty rate payments collected under § 50-7-403(b)(2)(G)(i)(b ), the civil money penalties collected under § 50-7-403(b)(2)(G)(ii), penalties collected in accordance with § […]
§ 50-7-504. Nonliability of State for Benefits
Benefits shall be deemed to be due and payable under this chapter only to the extent provided in this chapter and to the extent that moneys are available for the benefits to the credit of the unemployment compensation fund, and neither the state nor the commissioner shall be liable for any amount in excess of […]
§ 50-7-505. Assessment for Payment of Interest — Interest Paid on Advancement Fund
In addition to all other premiums due under this chapter, if on any June 1, the fund has utilized during the preceding eight-month period or it has been determined that during the next four-month period ending on September 30, the fund will utilize moneys advanced under 42 U.S.C. § 1321 and interest is or will […]
§ 50-7-501. Unemployment Compensation Fund
Establishment and Control. There is established as a special fund, within the state treasury, an unemployment compensation fund, which shall be administered by the administrator of the division of employment security exclusively for the purposes of this chapter. This fund shall consist of all: Premiums collected under this chapter; Interest earned upon any money in […]
§ 50-7-502. Unemployment Compensation Administration Fund
There is created in the state treasury a special fund to be known as the unemployment compensation administration fund. All moneys that are deposited or paid into this fund are appropriated and made available to the commissioner. All moneys in this fund shall be expended solely for the purpose of defraying the cost of administration […]