Colorado § 8-77-104 Benefit account - requisitions - payment of benefits

Colorado Statutes

§ 8-77-104 — Benefit account - requisitions - payment of benefits

Colorado·Title 08 Labor and·Art. Unemployment Compensation

(1)The benefit account shall consist of moneys requisitioned by the division from the account of the state of Colorado in the federal unemployment trust fund. Expenditures from the benefit account shall be made by the division solely for payment of benefits provided in articles 70 to 82 of this title, in accordance with regulations prescribed by the director of the division. Such expenditures shall not be subject to any provisions of law requiring specific appropriations for payment thereof.

(2)From time to time the division shall requisition from such account such amounts as it deems necessary to provide for payment of benefits for a reasonable future period of time. Upon receipt of such requisitioned amounts, the state treasurer shall cause the same to be deposited in an acc

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(1) The
benefit account shall consist of moneys requisitioned by the division from the
account of the state of Colorado in the federal unemployment trust fund.
Expenditures from the benefit account shall be made by the division solely for
payment of benefits provided in articles 70 to 82 of this title, in accordance with
regulations prescribed by the director of the division. Such expenditures shall not
be subject to any provisions of law requiring specific appropriations for payment
thereof.

(2) From time to time the division shall requisition from such account such
amounts as it deems necessary to provide for payment of benefits for a reasonable
future period of time. Upon receipt of such requisitioned amounts, the state
treasurer shall cause the same to be deposited in an account in the name of the
division in some state or national bank doing business in this state.

(3) The division is authorized to make all lawful benefit payments by checks
drawn against said bank account. The state treasurer shall have no responsibility
whatsoever with respect to such benefit payments, nor shall he be responsible for
any amounts requisitioned as provided in subsection (2) of this section other than to
deposit the same in said bank account.

(4) Any unexpended balance remaining in the benefit account after the
expiration of the period of time for which amounts were requisitioned may be used
by the division for payment of benefits during a subsequent period of time, or
deducted from the amount of a subsequent requisition, or, at the discretion of the
division, redeposited with the secretary of the treasury of the United States for
credit to the account of the state of Colorado in the federal unemployment trust
fund.

(5) Benefits shall be deemed to be due and payable under the provisions of
articles 70 to 82 of this title, only to the extent provided for in said articles, and
only to the extent that moneys are available in the unemployment compensation
fund, and neither the state nor the division shall be liable for payments in excess of
the amount of such available moneys.

Colorado § 8-77-104 (Benefit account - requisitions - payment of benefits) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 36, 3rd Ex. Sess.: p. 31, � 9. CSA: C. 167A, � 9. L. 41: p. 780, � 9. L. 51: p. 811, � 8. CRS 53: � 82-7-4. C.R.S. 1963: � 82-7-4. L. 73: p. 966, � 4. L. 86: (1) amended, p. 494, � 102, effective July 1.