Vt. Stat. tit. 21 § 1361
The provisions of sections 1358-1360 of this subchapter to the extent that they relate to the federal Unemployment Trust Fund, shall be operative only if the federal Unemployment Trust Fund continues to exist and the U.S. Secretary of the Treasury continues to maintain for this State a separate book account of all Funds deposited in the federal Unemployment Trust Fund by this State for benefit purposes, together with this State's proportionate share of the earnings of the Unemployment Trust Fund, from which only the Commissioner of Labor is permitted to make withdrawals. If and when federal law no longer requires the federal Unemployment Trust Fund to be maintained as a condition of approval of this chapter as provided in Title III of the Social Security Act, then all monies, properties, or securities in the federal Unemployment Trust Fund, belonging to the Unemployment Compensation Trust Fund of this State, shall be transferred to the treasurer of the Unemployment Compensation Trust Fund, who shall hold, invest, transfer, sell, deposit, and release the monies, properties, or securities in a manner approved by the Commissioner and appropriate for trust funds, subject to all claims for benefits under this chapter.
21 V.S.A. § 1361