Current through the 2024 Regular Session
Section 71-5-451 - [Repealed effective 7/1/2027] Establishment and controlThere is established as a special fund, separate and apart from all public monies or funds of this state, an Unemployment Compensation Fund, which shall be administered by the department exclusively for:
(a) All contributions collected under this chapter;(b) Interest earned upon any monies in the fund;(c) Any property or securities acquired through the use of monies belonging to the fund;(d) All earnings of such property or securities;(e) All monies credited to this state's account in the Unemployment Trust Fund pursuant to the Social Security Act, 42 USCS, Section 1104; and(f) By way of reimbursement in accordance with Section 204 of the Federal-State Extended Unemployment Compensation Act of 1970 (84 Stat. 711). All monies in the fund shall be mingled and undivided.Codes, 1942, § 7394; Laws, 1940, ch. 295; Laws, 1958, ch. 536, § 1(a); Laws, 1964, ch. 448, § 1(a); Laws, 1971, ch. 519, § 10; Laws, 1982, ch. 383, § 3; Laws, 2004, ch. 572, § 36; reenacted without change, Laws, 2008, 1st Ex Sess, ch. 30, § 36; reenacted without change, Laws, 2010, ch. 559, § 35; reenacted without change, Laws, 2011, ch. 471, § 36; reenacted without change, Laws, 2012, ch. 515, § 36, eff. 7/1/2012.Reenacted without change by Laws, 2023, ch. 510, SB 2810,§ 38, eff. 4/17/2023.Amended by Laws, 2019, ch. 451, SB 2133,§ 58, eff. 4/3/2019.Reenacted without change by Laws, 2019, ch. 451, SB 2133,§ 36, eff. 4/3/2019.