§ 8-78-104 — Reimbursement of fund

If any money received in the
employment security administration fund, which is not a part of this state's share of
the excess remaining in the federal unemployment account on July first of any
fiscal year, is found by the secretary of labor, because of any action or contingency,
to have been lost or to have been expended for purposes other than, or in amounts
in excess of, those found necessary by the secretary of labor for the proper
administration of the employment security program, it is the policy of this state that
such money shall be replaced by money appropriated for such purpose from the
general funds of this state to the employment security administration fund for
expenditures as provided in section 8-78-103 or by those funds which constitute
this state's share of the excess remaining in the federal unemployment account on
July first of any fiscal year. Upon receipt of such a finding by the secretary of labor,
the division shall promptly report the amount required for such replacement to the
governor, and the governor, at the earliest opportunity, shall submit to the general
assembly a request for the appropriation of such amount.

Legislative History

Source: L. 51: p. 818, � 12. CSA: C. 167A, � 13. CRS 53: � 82-8-5. C.R.S. 1963: � 82-8-5.