§ 8-403

Maryland § 8-403

• Jurisdiction: Maryland
• Article gle: Labor and Employment
• Title: 8

Text

(a) The Unemployment Insurance Fund shall consist of:

(1) contributions;

(2) reimbursement payments collected under Subtitle 6, Part III of this title;

(3) interest earned on money in the Fund;

(4) property or securities acquired with money that belongs to the Fund;

(5) money earned from the property or securities;

(6) money received from the Federal Unemployment Account in the Unemployment Trust Fund in accordance with Title XII of the Social Security Act;

(7) money credited to the State Unemployment Trust Fund Account under § 903 of the Social Security Act; and

(8) money received for the Fund from any other source.

(b) Money in the Unemployment Insurance Fund shall be commingled.

(c) The Unemployment Insurance Fund shall be used only for the purposes of this title.