New Jersey § 43:21-13

§ 43:21-13.

(a) Administration fund. There is hereby created in the State treasury a special fund to be known as the

Unemployment Compensation Administration Fund. All moneys which are deposited or paid into this fund are hereby appropriated and

made available to the Division of Employment Security of the Department of Labor and

Industry of the State of New Jersey. All moneys in this fund shall be expended solely for the purpose of defraying the

cost of the administration of this chapter ( R.S. 43:21-1 et seq. ), except that moneys requisitioned and deposited therein pursuant to paragraph 43:21-9(c)(2)

of this Title shall remain part of the unemployment compensation fund and shall be

used only in accordance with said paragraph. The fund shall consist of all moneys appropriated by this State, and all moneys

received from the United States of America, or any agency thereof, or from any other

source (excepting moneys provided for in subsection (g) of section 43:21-14 and subsections (a) , (b) , (c) and (e) of section 43:21-16 ) for the administration of this chapter ( R.S. 43:21-1 et seq. ); all moneys received from the United States of America, or any agency thereof,

or from any other State, or agency thereof, as compensation for services or facilities

supplied thereto; all moneys received pursuant to any surety bond or insurance policy

or from other sources for losses sustained by the Unemployment Compensation Administration

Fund, or by reason of damage to property, equipment or supplies purchased from moneys

in such fund; and all proceeds realized from the sale or disposition of any such

property, equipment or supplies which may no longer be necessary for the proper administration

of this chapter ( R.S. 43:21-1 et seq. ). All moneys in this fund received from the United States of America, or any agency

thereof, under Title III of the Social Security Act ( 42 U.S.C. 501 et seq. ), as amended or the Wagner-Peyser Act, as amended, 1 shall be expended solely for the purposes, and in the amounts, found necessary by

the Secretary of Labor of the United States for the proper and efficient administration

of this chapter ( R.S. 43:21-1 et seq. ). All moneys in this fund shall be deposited, administered, and disbursed, in the

same manner and under the same conditions and requirements provided by law for other

special funds in the State treasury. Any balances in this fund shall not lapse at any time, but shall be continuously

available to the Division of Employment Security of the Department of Labor and Industry

of the State of New Jersey for expenditure consistent with this chapter ( R.S. 43:21-1 et seq. ). The State Treasurer shall give a separate and additional bond conditioned upon the

faithful performance of his duties in connection with the Unemployment Compensation

Administration Fund in an amount to be fixed by the Division of Employment Security

of the Department of Labor and Industry of the State of New Jersey and in a form prescribed

by law or approved by the Attorney General. The premiums for such bond and the premiums for the bond given by the treasurer

of the unemployment compensation fund under section 43:21-9 of this chapter ( R.S. 43:21-1 et seq. ) shall be paid from the moneys in the Unemployment Compensation Administration Fund. (b) Reimbursement of fund. If any moneys in the Unemployment Compensation Administration Fund paid to this

State under Title III of the Social Security Act, as amended, or the Wagner-Peyser

Act, as amended, are found by the Secretary of Labor of the United States, because

of any action or contingency, to have been lost or to have been expended for purposes

other than, or in amounts in excess of, those found necessary by the Secretary of

Labor of the United States for the proper administration of this chapter ( R.S. 43:21-1 et seq. ), it is the policy of this State that such moneys shall be replaced by moneys appropriated

for such purpose from the general funds of this State to the Unemployment Compensation

Administration Fund for expenditure as provided in subsection (a) of this section. Upon receipt of notice of such a finding by the Secretary of Labor of the United

States, the Division of Employment Security of the Department of Labor and Industry

of the State of New Jersey shall promptly report the amount required for such replacement

to the Governor, and the Governor shall, at the earliest opportunity, submit to the

Legislature a request for the appropriation of such amount. 1

29 U.S.C.A. §§ 49 to 49l.