PART V. FUNDS

 

383-121 Unemployment compensation trust fund; establishment and control. There is established in the treasury of the State as a trust fund, separate and apart from all public moneys or funds of the State, an unemployment compensation fund, which shall be administered by the department of labor and industrial relations exclusively for the purposes of this chapter. All contributions pursuant to this chapter shall be paid into the fund and all compensation and benefits payable pursuant to this chapter shall be paid from the fund. All moneys in the fund shall be mingled and undivided. The fund shall consist of:

(1) All contributions collected pursuant to this chapter;

(2) Interest earned on any moneys in the fund;

(3) Any property or securities acquired through the use of moneys belonging to the fund;

(4) All earnings of such property or securities;

(5) All moneys credited to this State's account in the unemployment trust fund pursuant to section 903 of the Social Security Act, as amended; and

(6) All other moneys received for the fund from any other source. [L 1939, c 219, 9(a); am L 1941, c 304, 1, subs 28; RL 1945, 4263; RL 1955, 93-120; am L 1957, c 145, 1(a); am L Sp 1959 2d, c 1, 27; HRS 383-121; am L 1987, c 119, 5; am L 2013, c 100, 4]

 

 

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