Colorado § 8-77-105 Discontinuance of unemployment trust fund

Colorado Statutes

§ 8-77-105 — Discontinuance of unemployment trust fund

Colorado § 8-77-105

Title 08Labor and

Art.Unemployment Compensation

This text of Colorado § 8-77-105 (Discontinuance of unemployment trust fund) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 8-77-105 (2026).

Text

The provisions of
sections 8-77-101 to 8-77-104, to the extent that they relate to the unemployment
trust fund, shall be operative only so long as such unemployment trust fund
continues to exist and so long as the secretary of the treasury of the United States
of America continues to maintain for this state a separate book account of all funds
deposited therein by this state for benefit purposes, together with this state's
proportionate share of the earnings of such unemployment trust fund, from which
no other state is permitted to make withdrawals. If such unemployment trust fund
ceases to exist, or such separate book account is no longer maintained, all moneys,
properties, or securities therein belonging to the unemployment compensation fund
of this state shall be transferred t

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The provisions of
sections 8-77-101 to 8-77-104, to the extent that they relate to the unemployment
trust fund, shall be operative only so long as such unemployment trust fund
continues to exist and so long as the secretary of the treasury of the United States
of America continues to maintain for this state a separate book account of all funds
deposited therein by this state for benefit purposes, together with this state's
proportionate share of the earnings of such unemployment trust fund, from which
no other state is permitted to make withdrawals. If such unemployment trust fund
ceases to exist, or such separate book account is no longer maintained, all moneys,
properties, or securities therein belonging to the unemployment compensation fund
of this state shall be transferred to the treasurer of the unemployment
compensation fund, who shall hold, invest, transfer, sell, deposit, and release such
moneys, properties, or securities in a manner approved by the director of the
division in accordance with provisions of articles 70 to 82 of this title. Such moneys
shall be invested in readily marketable classes of securities as now provided by law
with respect to public moneys of the state. Such investment, at all times, shall be so
made that all the assets of the fund shall always be readily convertible into cash
when needed for the payment of benefits. The treasurer shall dispose of securities
or other properties belonging to the unemployment compensation fund only under
the direction of the director of the division.

Legislative History

Source: L. 39: p. 588, � 1. L. 41: p. 782, � 9. CSA: C. 167A, � 9. L. 43: p. 607, � 6. L. 51: p. 811, � 8. CRS 53: � 82-7-5. C.R.S. 1963: � 82-7-5. L. 86: Entire section amended, p. 494, � 103, effective July 1.