96-4.1. Funds used in administering the unemployment compensation laws.
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. (2013-2, s. 1(b); 2013-224, s. 19.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 96 - Employment Security
Article 1 - Definitions and Funds.
§ 96-1 - Title and definitions.
§ 96-2 - Declaration of State public policy.
§ 96-3 - Division of Employment Security.
§ 96-4 - Administration; powers and duties of the Assistant Secretary; Board of Review.
§ 96-4.1 - Funds used in administering the unemployment compensation laws.
§ 96-5 - Employment Security Administration Fund.
§ 96-5.1 - Supplemental Employment Security Administration Fund.
§ 96-6 - Unemployment Insurance Fund.