Moneys shall be requisitioned from this state's account in the unemployment trust fund solely for the payment of benefits and for refunds pursuant to subdivision f of subsection 18 of section 52 -01-01 and section 52 -04-14, except that money credited to this state's account pursuant to section 903 of the Social Security Act [42 U.S.C. 1103], as amended, must be used exclusively as provided in subsection 3 of section 52-03-07. From time to time, the bureau shall requisition from the unemployment trust fund such amounts, not exceeding the amounts standing to this state's account therein, as it deems necessary for the payment of benefits for a reasonable future period. Upon receipt thereof, the bureau shall deposit such moneys in the benefit account and shall pay benefits solely from such benefit account. Expenditures of such moneys in the benefit account and refunds from the clearing account are not subject to any provision of law requiring specific appropriations or other formal release by state officers of money in their custody. Any balance of moneys requisitioned from the unemployment trust fund which remains unclaimed or unpaid in the benefit account after the expiration of the period for which such sums were requisitioned, either must be deducted from estimates for, and may be utilized for the payment of benefits during succeeding periods, or, in the discretion of the bureau, must be redeposited with the secretary of the treasury of the United States, to the credit of this state's account in the unemployment trust fund as provided in section 52-03-03.
‹ Prev All North Dakota 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.