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Home » US Law » 2022 Code of Virginia » Title 60.2 - Unemployment Compensation » Chapter 3 - Funds » Article 2. Unemployment Compensation Administration Fund

§ 60.2-306. Fund continued; available to Commission

The special fund in the state treasury known as the Unemployment Compensation Administration Fund is continued. All moneys which are deposited or paid into this fund shall be held for use by the Commission. Code 1950, § 60-95; 1968, c. 738, § 60.1-112; 1986, c. 480.

§ 60.2-307. Moneys constituting fund

The fund shall consist of all moneys appropriated by this Commonwealth, and all moneys received from the United States, any agency thereof or any other source, for the purpose declared in § 60.2-308. Notwithstanding any provision of this article, all moneys requisitioned and deposited in this fund pursuant to the provisions of subsection C of […]

§ 60.2-308. Expenditures solely for cost of administration

A. All moneys in this fund shall be expended solely for the purpose of defraying the cost of the administration of this title and for no other purpose whatsoever. B. All moneys received by the Commission pursuant to the provisions of § 302 of the Social Security Act (42 U.S.C. § 502), shall be expended […]

§ 60.2-309. Special employment service account

A special employment service account shall be maintained as a part of the Unemployment Compensation Administration Fund for the purposes (i) of maintaining the public employment offices established pursuant to § 60.2-400, and (ii) of cooperating with the United States Employment Service. Code 1950, § 60-99; 1968, c. 738, § 60.1-116; 1986, c. 480.

§ 60.2-310. Financing

The State Treasurer is authorized to receive all grants of money apportioned to this Commonwealth under the federal law referred to in § 60.2-400. All funds so received shall be paid into the separate employment service account in the Unemployment Compensation Administration Fund, and are to be held for appropriation to the Commission for the […]

§ 60.2-311. Replacing funds lost or expended for unnecessary purposes

The Commission is authorized and directed to replace in the Unemployment Compensation Administration Fund, within a reasonable time, out of any funds appropriated by the General Assembly for such purpose, any moneys received by the Commission pursuant to the provisions of § 302 of the Social Security Act (42 U.S.C. § 502), which because of […]

§ 60.2-312. Disbursements by State Treasurer upon warrants of Comptroller

All payments and disbursements from the Unemployment Compensation Administration Fund shall be made by the State Treasurer upon warrants of the Comptroller issued upon vouchers signed by the Commissioner or by such other person as the Commissioner may designate for that purpose. Code 1950, § 60-100; 1968, c. 738, § 60.1-117; 1986, c. 480.