Skip to main content
Find a Lawyer

Kentucky Revised Statutes Title XXVII. Labor and Human Rights § 341.490.Unemployment insurance fund

Current as of January 01, 2024 | Updated by FindLaw Staff

(1) There shall be a special fund known as the unemployment insurance fund which shall be administered separate and apart from all public money or funds of this state. This fund shall consist of:

(a) All contributions, payments in lieu of contributions, and money collected under this chapter, except any surcharge; interest collected on a delinquent surcharge; money received from any source related to payment of interest on advances under Title XII of the Social Security Act; fines, penalties, and interest on delinquent contributions collected under KRS 341.300; and service capacity upgrade payments collected under KRS 341.243;

(b) Interest earned upon any money in the fund;

(c) Any property or securities acquired through use of money belonging to the fund;

(d) All earnings of such property or securities;

(e) All money received from the federal unemployment account in the unemployment trust fund in accordance with Title XII of the Social Security Act  1 as amended;

(f) All money credited to the account of this state in the unemployment trust fund in accordance with Section 903 of the Social Security Act  2 as amended; and

(g) All money received from the federal government as reimbursement, pursuant to Section 204 of the Federal-State Extended Unemployment Compensation Act of 1970. 3

(2) All moneys in the fund shall be commingled and undivided.

(3) Subject to the provisions of this chapter, the secretary may have full power, authority, and jurisdiction over the fund, including all money and property or securities belonging thereto, and may perform any act necessary or convenient in the administration thereof consistent with this chapter.

1 42 U.S.C.A. § 1321 et seq.
2 42 U.S.C.A. § 1103.
3 See Historical and Statutory Notes under 26 U.S.C.A. § 3304.
Back to chapter list
Previous part of code Next part of code
Back to chapter list

Cite this article: FindLaw.com - Kentucky Revised Statutes Title XXVII. Labor and Human Rights § 341.490.Unemployment insurance fund - last updated January 01, 2024 | https://codes.findlaw.com/ky/title-xxvii-labor-and-human-rights/ky-rev-st-sect-341-490/

Read this complete Kentucky Revised Statutes Title XXVII. Labor and Human Rights § 341.490.Unemployment insurance fund on Westlaw. Westlaw subscription required.

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

Was this helpful?

Search all Kentucky Codes

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About the Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to find an attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard