Alabama § 25-4-30 Administration and Composition

Alabama Statutes

§ 25-4-30 — Administration and Composition

Alabama § 25-4-30

Title 25Industrial Relations and Labor

Ch. 4Unemployment Compensation

Art. 2Unemployment Compensation Trust Fund

This text of Alabama § 25-4-30 (Administration and Composition) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 25-4-30 (2026).

Text

There shall be as a special fund, separate and apart from all public moneys or funds of this state, an Unemployment Compensation Trust Fund, which shall be administered by the secretary exclusively for the purposes of this chapter without liability on the part of the state beyond the amounts paid into and earned by the fund. This fund shall consist of:

(1)All contributions paid in or collected under this chapter;

(2)Interest earned upon 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)Any money received from the federal unemployment account in the unemployment trust fund in accordance with Title XII of the Social Security Act;

(6)All money credited to this state’s account

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There shall be as a special fund, separate and apart from all public moneys or funds of this state, an Unemployment Compensation Trust Fund, which shall be administered by the secretary exclusively for the purposes of this chapter without liability on the part of the state beyond the amounts paid into and earned by the fund. This fund shall consist of:
(1) All contributions paid in or collected under this chapter;
(2) Interest earned upon 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) Any money received from the federal unemployment account in the unemployment trust fund in accordance with Title XII of the Social Security Act;
(6) All money credited to this state’s account in the unemployment trust fund pursuant to Section 903 of the Social Security Act, as amended; and
(7) All money received for the fund from any other source.

Legislative History

(Acts 1939, No. 497, p. 721; Code 1940, T. 26, §197; Acts 1945, No. 283, p. 449, §2; Acts 1957, No. 303, p. 395, §1; Acts 1963, 2nd Ex. Sess., No. 151, p. 340, §1.)