§ 96-4.1. Funds used in administering the unemployment compensation laws.
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§ 96-4.1. Funds used in administering the unemployment compensation laws.
Four funds are established to administer this Chapter. The State Treasurer is responsible for investing all revenue received by the funds as provided in G.S. 147-69.2 and G.S. 147-69.3. Interest and other investment income earned by a fund accrues to it. Payments from a fund may be made only upon the warrant of the Secretary of Commerce.
The four funds are:
(1)The Employment Security Administration Fund established under G.S. 96-5.
(2)The Supplemental Employment Security Administration Fund established under G.S. 96-5.1.
(3)The Unemployment Insurance Fund established under G.S. 96-6.
(4)The Unemployment Insurance Reserve Fund established under G.S. 96-6.2. (2013-2, s. 1(b); 2013-224, s. 19.)