Cal. Unemp. Ins. Code § 827

Current through the 2023 Legislative Session.

Section 827 - Unencumbered balance credited to account of school employer with positive balance in fund

Whenever the unencumbered balance of interest deposited in or earned by the School Employees Fund, after deducting administrative expenses paid or encumbered, exceeds two million dollars ($2,000,000) as of the close of each fiscal year, the unencumbered balance shall be credited as of the close of that fiscal year to the account of each school employer which has a positive balance in the fund, in the proportion that each positive account balance bears to the total of all positive account balances.

Ca. Unemp. Ins. Code § 827

Added by Stats. 1984, Ch. 1018, Sec. 1.