All money in the fund must be comingled and undivided, but the State Treasurer shall maintain within the fund three separate accounts:
(a) a clearing account;
(b) an unemployment trust fund account; and
(c) a benefit account.
All money payable to the fund, upon receipt of the money by the department, must be forwarded to the State Treasurer who immediately shall credit it to the clearing account.
HISTORY: 1962 Code Section 68-304; 1952 Code Section 68-304; 1942 Code Section 7035-89; 1936 (39) 1716; 1939 (41) 487; 1941 (42) 369; 2010 Act No. 146, Section 56, eff March 30, 2010.
Effect of Amendment
The 2010 amendment substituted "department" for "Commission"; and made other nonsubstantive changes.
Structure South Carolina Code of Laws
Title 41 - Labor and Employment
Chapter 33 - Employment And Workforce - Funds
Section 41-33-10. Creation and content of unemployment compensation fund.
Section 41-33-20. Department to control fund.
Section 41-33-30. State Treasurer shall administer fund and issue warrants upon it.
Section 41-33-40. Three separate accounts within fund; collections credited to clearing account.
Section 41-33-45. Annual reports; trend charts; cost analysis.
Section 41-33-60. Withdrawals from unemployment trust fund shall constitute benefit account.
Section 41-33-70. Deposit of moneys in clearing and benefit accounts.
Section 41-33-90. Requisitions by department on State Treasurer.
Section 41-33-100. Deposit of amounts drawn by department; security.
Section 41-33-110. Representatives of department shall sign checks; bonds of representatives.
Section 41-33-120. Payment of refunds.
Section 41-33-170. Disposition of unused amounts in benefit payment account.
Section 41-33-180. Withdrawals from unemployment trust fund for certain federal benefits.
Section 41-33-190. Bank account for payment of certain federal benefits.
Section 41-33-200. Disposition of unused funds withdrawn for certain federal benefits.
Section 41-33-210. Management of funds upon discontinuance of unemployment trust funds.
Section 41-33-220. Liability of State Treasurer on bond.
Section 41-33-420. Deposit, administration, and disbursement of fund.
Section 41-33-430. Use of fund; requisitions and warrants.
Section 41-33-440. Expenditure of monies in fund.
Section 41-33-450. Liability of State Treasurer on bond.
Section 41-33-460. State shall replace funds lost or improperly spent.
Section 41-33-610. Department of Employment and Workforce special administration fund.
Section 41-33-710. Department of Employment and Workforce administrative contingency fund.
Section 41-33-810. Department of Employment and Workforce interest assessment fund.
Section 41-33-910. Department of Employment and Workforce integrity fund.