No part of the Special Unemployment Compensation Administration Fund shall be expended or available for expenditure in lieu of federal funds made available to the Commission for the administration of this title. Such fund shall be used by the Commission for the payment of costs and charges of administration, including the cost of capital projects of the Virginia Employment Commission, and discretionary expenditures not to exceed $375,000 per fiscal year authorized in the general appropriations act, which are found by the Commission not to be proper and valid charges payable out of any funds in the Unemployment Compensation Administration Fund received from any source. Such costs and charges shall include any interest due on Title XII advances to the trust fund for the payment of benefits. Refunds of interest, allowable under § 60.2-524, shall be made from this special fund, provided such interest was deposited in such fund.
Code 1950, § 60-103; 1968, c. 738, § 60.1-120; 1983, c. 16; 1985, c. 323; 1986, c. 480; 2007, c. 241.
Structure Code of Virginia
Title 60.2 - Unemployment Compensation
§ 60.2-300. Fund continued; accounts maintained
§ 60.2-301. Clearing account; payment to credit of federal Unemployment Trust Fund
§ 60.2-302. Benefit account; requisitions from federal Unemployment Trust Fund
§ 60.2-303. Moneys appropriated to Commission
§ 60.2-304. Disbursements by State Treasurer upon warrants of Comptroller
§ 60.2-305. Requisition or use of money credited to Commonwealth in Unemployment Trust Fund
§ 60.2-306. Fund continued; available to Commission
§ 60.2-307. Moneys constituting fund
§ 60.2-308. Expenditures solely for cost of administration
§ 60.2-309. Special employment service account
§ 60.2-311. Replacing funds lost or expended for unnecessary purposes
§ 60.2-312. Disbursements by State Treasurer upon warrants of Comptroller
§ 60.2-313. Expenses incurred by Auditor of Public Accounts, Comptroller and State Treasurer
§ 60.2-314. Fund continued; interest and penalties paid into fund
§ 60.2-315. Proper expenditures from fund
§ 60.2-316. Disbursements by State Treasurer upon warrants of Comptroller
§ 60.2-317. Moneys in fund continuously available to Commission