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.
‹ Prev All North Carolina sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.