North Carolina § 96-4 - 1. Funds used in administering the unemployment compensation laws.

§ 96-4. 1. Funds used in administering the unemployment compensation laws.

Four funds are established to administer this Chapter. The State Treasurer is responsible for investing all revenue received by the funds as provided in G.S. 147-69.2 and G.S. 147-69.3 . Interest and other investment income earned by a fund accrues to it. Payments from a fund may be made only upon the warrant of the Secretary of Commerce. The four funds are: The Employment Security Administration Fund established under G.S. 96-5. The Supplemental Employment Security Administration Fund established under G.S. 96-5.1. The Unemployment Insurance Fund established under G.S. 96-6. The Unemployment Insurance Reserve Fund established under G.S. 96-6.2. History (2013-2, s. 1(b); 2013-224, s. 19.) Editor's Note. - Session Laws 2013-2, s. 11, as amended by Session Laws 2013-224, s. 19, provides: "This act becomes effective July 1, 2013. Changes made by this act to unemployment benefits apply to claims for benefits filed on or after June 30, 2013. The requirements of G.S. 96-15(a1) apply to any week of an attached claim filed on or after June 30, 2013. Changes made by this act to require an account balance by an employer that is a governmental entity or a nonprofit organization and that elects to finance benefits by making reimbursable payments in lieu of contributions apply to advance payments payable for calendar quarters beginning on or after July 1, 2013. Changes made by this act to the determination and application of the contribution rate apply to contributions payable for calendar quarters beginning on or after January 1, 2014." As enacted, this section had a reference to "G.S. 96-6.1" at the end of the section. The reference has been changed to "G.S. 96-6.2" at the direction of the Revisor of Statutes.