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Sec. 23.20.135. Accounts and deposit.

(a) The commissioner of revenue is ex officio the treasurer and custodian of the fund and shall administer it as directed by the department. Disbursements shall be issued from the fund in accordance with AS 37.25.050 and the regulations that the department adopts. The fund has three separate accounts: (1) a clearing account; (2) an […]

Sec. 23.20.140. Advances.

When, in accordance with 42 U.S.C. 1321 – 1324 (Title XII, Social Security Act), as amended, the balance in the unemployment trust fund reaches a point where the governor must apply for an advance in order to obtain for the state and its citizens the advantages available under 42 U.S.C. 1321 – 1324, the department […]

Sec. 23.20.145. Withdrawals.

(a) In accordance with regulations adopted by the department, money shall be requisitioned from the state’s account in the unemployment trust fund solely for the payment of benefits and refunds, except that money credited to the state’s account under 42 U.S.C. 1103 (§ 903, Social Security Act), as amended, shall be used exclusively as provided […]

Sec. 23.20.150. Discontinuance of unemployment trust fund.

(a) To the extent that AS 23.20.130 – 23.20.140 relate to the unemployment trust fund, they are operative only so long as the unemployment trust fund exists and so long as the Secretary of the Treasury of the United States of America maintains for the state a separate book account of all funds deposited in […]

Sec. 23.20.155. Employment security administration fund.

(a) There is created a special fund in the state treasury known as the employment security administration fund. (b) All money deposited into this fund shall be continuously available to the department for expenditure in accordance with this chapter, and may not lapse at any time or be transferred to any other fund. All money […]

Sec. 23.20.160. Reimbursement of fund.

If money received from the Department of Labor under 42 U.S.C. 501 – 504 (Title III, Social Security Act), or money granted to this state under the Wagner-Peyser Act, as amended, or money made available by this state and matched by money granted to this state under the Wagner-Peyser Act, as amended, is found by […]