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North Dakota Century Code Title 52. Social Security § 52-02-09. Job service administration fund

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The job service administration fund consists of all money received from the United States, or any agency thereof, and all money received from any other source for administrative and program purposes except for the funds created by sections 52-03-01 and 52-04-22.  All moneys accruing to this fund in any manner must be maintained in this separate interest-bearing account at the Bank of North Dakota.  All money deposited or paid into this fund must be continuously available to the bureau for expenditure in accordance with the provisions of this law and may not lapse at any time or be transferred to any other fund.  The fund must consist of any money appropriated by this state in accordance with section 52-02-11;  all money received from any other source for the administration of the North Dakota unemployment compensation law;  all money received from any agency of the United States or any other state as compensation for services or facilities supplied to such agency;  all amounts received pursuant to any surety bond or any insurance policy or from other sources for losses sustained by the job service administration fund or by reason of damage to property, equipment, or supplies purchased from money in such fund;  and all proceeds realized from the sale or disposition of any such property, equipment, or supplies which may no longer be necessary for the proper administration of this law.  Notwithstanding any provision of this section, all money requisitioned and deposited in this fund pursuant to subsection 4 of section 52-03-07 must remain a part of the unemployment compensation fund and must be used only in accordance with the conditions specified in section 52-03-07.

Cite this article: - North Dakota Century Code Title 52. Social Security § 52-02-09. Job service administration fund - last updated January 01, 2020 |

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