(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the Employment Security Advance Interest Trust Fund.
(b) This fund shall consist of receipts from the advance interest tax and any penalties and interest, as transferred from the Unemployment Compensation Fund Clearing Account, there to be used for:
(1) Paying interest incurred by the state on advances from the Federal Unemployment Trust Fund;
(2) Making refunds of advance interest taxes or interest and penalty payments which were erroneously paid; and
(3) Returning moneys to the account which were incorrectly identified and erroneously transferred.
Section: Previous 19-5-925 19-5-927 19-5-928 19-5-930 19-5-932 19-5-933 19-5-934 19-5-935 19-5-936 19-5-937 19-5-938 19-5-939 19-5-940 19-5-942 19-5-943 NextLast modified: November 15, 2016