§ 28-42-87 - Employment security reemployment fund – Establishment – Sources.
SECTION 28-42-87
§ 28-42-87 Employment securityreemployment fund – Establishment – Sources. – (a) There is created the employment security reemployment fund, to beadministered by the department of labor and training, without liability on thepart of the state beyond the amounts paid into and earned by the fund. Thisfund shall consist of:
(i) All payments received from employers and paid pursuant to§ 28-43-8.6;
(ii) All other moneys paid into and received by the fund;
(iii) Property and securities acquired by and through the useof moneys belonging to the fund; and
(iv) Interest earned upon moneys belonging to the fund.
(2) All moneys in the employment security reemployment fundshall be mingled and undivided.
(b) All moneys received by the director for the employmentsecurity reemployment fund shall, upon receipt, be deposited by the director ina clearance account in a bank in this state.