(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 Unemployment Compensation Revolving Fund.
(b) This fund shall consist of employer unemployment contributions made under § 19-5-707 and temporary loans from the Budget Stabilization Trust Fund received under § 19-5-709.
(c) The funds shall be used to reimburse the Department of Workforce Services, in a timely manner, for unemployment compensation benefits paid by the department and charged to a state agency, as provided in § 19-5-701 et seq., and other laws applicable to state employees' unemployment compensation and for such other purposes as may be authorized by law.
Section: Previous 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 19-5-944 19-5-945 19-5-946 19-5-947 NextLast modified: November 15, 2016