(A) There is created in the State Treasury a special fund to be known as the Department of Employment and Workforce integrity fund.
(B) The fund shall consist of monetary penalties collected pursuant to Section 41-41-45(C)(3) for the purpose of promoting unemployment compensation integrity. The Department of Employment and Workforce integrity fund shall be used for the purpose of preserving the integrity of the unemployment compensation fund. These efforts may include, but are not limited to, identifying overpayments, verifying eligibility, determining status, and updating technology and educational tools to support integrity activities.
(C) All money collected in the integrity fund must be deposited, administered, and disbursed in the same manner and under the same conditions and requirements as are provided by law for other special funds in the State Treasury, except that money in this fund must not be commingled with other state funds, but must be maintained in a separate account on the books of a depository bank. These funds must be secured by the bank by securities or surety bonds as required by law of depositories of state funds.
(D) All money that is deposited or paid into the fund is appropriated and made available to the department. All money in this fund must be expended solely for the purpose of promoting unemployment insurance integrity efforts by the department as provided in Section 41-41-45.
(E) All balances in this fund must not lapse at any time but must be continuously available to the department by expenditure consistent with Chapters 27 through 41 of this title. The department shall issue its requisition, which must be approved by the executive director or any designated officer, agent, or other individual for payment of the costs of interest to the Comptroller General who shall draw his warrant in the usual form provided by law on the State Treasurer, who shall pay it by check on the integrity fund.
HISTORY: 2013 Act No. 53, Section 4.A, eff October 1, 2013.
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.