§ 8-70-102 — Legislative declaration

As a guide to the interpretation and
application of this article, the public policy of this state is declared to be as follows:
Economic insecurity due to unemployment is a serious menace to the health,
morals, and welfare of the people of this state. Involuntary unemployment is
therefore a subject of general interest and concern which requires appropriate
action by the general assembly to prevent its spread and to lighten its burden
which now so often falls with crushing force upon the unemployed worker and his
family. The achievement of social security requires protection against this greatest
hazard of our economic life. This can be provided by encouraging employers to
provide more stable employment and by the systematic accumulation of funds
during periods of employment to provide benefits for periods of unemployment,
thus maintaining purchasing power and limiting the serious social consequences of
poor relief assistance. The general assembly, therefore, declares that in its
considered judgment the public good and the general welfare of the citizens of this
state require the enactment of this measure, under the police powers of the state,
for the compulsory setting aside of unemployment reserves to be used for the
benefit of persons unemployed through no fault of their own.

Legislative History

Source: L. 36, 3rd Ex. Sess.: p. 13, � 2. CSA: C. 167A, � 2. L. 41: p. 761, � 2. CRS 53: � 82-1-2. C.R.S. 1963: � 82-1-2.