Colorado § 8-78-103 Deposit and disbursement

Colorado Statutes

§ 8-78-103 — Deposit and disbursement

Colorado·Title 08 Labor and·Art. Employment Security Administration Fund

All money in the employment security
administration fund shall be deposited, administered, and disbursed in the same
manner and under the same conditions and requirements as provided by law for
other special funds in the state treasury. All money in this fund shall be expended
solely for the purposes and in the amounts found necessary by the secretary of
labor for the proper and efficient administration of the employment security
program; except that moneys received pursuant to the federal Social Security
Act, as amended, which constitute this state's share of the excess remaining in the
federal unemployment account on July 1 of any fiscal year shall be disbursed solely
for the purposes and in the amounts found necessary for the proper and efficient
administration of articles 70 

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All money in the employment security
administration fund shall be deposited, administered, and disbursed in the same
manner and under the same conditions and requirements as provided by law for
other special funds in the state treasury. All money in this fund shall be expended
solely for the purposes and in the amounts found necessary by the secretary of
labor for the proper and efficient administration of the employment security
program; except that moneys received pursuant to the federal Social Security
Act, as amended, which constitute this state's share of the excess remaining in the
federal unemployment account on July 1 of any fiscal year shall be disbursed solely
for the purposes and in the amounts found necessary for the proper and efficient
administration of articles 70 to 82 of this title, as determined and mutually agreed
upon by the director of the division, the controller, and the governor.

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Legislative History

Source: L. 51: p. 818, � 12. CSA: C. 167A, � 13. CRS 53: � 82-8-4. C.R.S. 1963: � 82-8-4. L. 76: Entire section amended, p. 352, � 19, effective October 1.