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North Carolina General Statutes Chapter 96. Employment Security § 96-4.1. Funds used in administering the unemployment compensation laws

Current as of January 01, 2023 | Updated by FindLaw Staff

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.

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Cite this article: FindLaw.com - North Carolina General Statutes Chapter 96. Employment Security § 96-4.1. Funds used in administering the unemployment compensation laws - last updated January 01, 2023 | https://codes.findlaw.com/nc/chapter-96-employment-security/nc-gen-st-sect-96-4-1/

Read this complete North Carolina General Statutes Chapter 96. Employment Security § 96-4.1. Funds used in administering the unemployment compensation laws on Westlaw. Westlaw subscription required.

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