Indiana Code - Labor and Safety - Title 22, Section 22-4-26-4
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Indiana Law > Labor and Safety > Indiana Code - Labor and Safety - Title 22, Section 22-4-26-4
Federal aid; requisition; disposition of balance Sec. 4. The commissioner, through the treasurer of state acting as
its fiscal agent, shall requisition from time to time from the
unemployment trust fund such amounts not exceeding the amount
standing to its account therein as it deems necessary for the payment
of benefits for a reasonable future period and for refunds, but for no
other purpose. Upon receipt thereof, the treasurer of state shall
deposit such money in the unemployment insurance benefit fund in
a special benefit account, and upon order of the commissioner, the
auditor of state or the auditor's duly authorized agent shall issue the
auditor's warrants for the payment of benefits and refunds by the
treasurer of state. Any balance of money so requisitioned which
remains unclaimed or unpaid in the special benefit account of the
unemployment insurance benefit fund after the expiration of the
period for which such sums are requisitioned shall either be deducted from estimates for, and may be utilized for the payment of, benefits
and refunds during succeeding periods, or in the discretion of the
commissioner shall be redeposited with the Secretary of the Treasury
of the United States to the credit of the unemployment trust fund as
provided in section 3 of this chapter.
(Formerly: Acts 1947, c.208, s.2704.) As amended by P.L.144-1986,
SEC.125; P.L.18-1987, SEC.71; P.L.21-1995, SEC.107.
Last modified: May 27, 2006
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