§ 52-02-09 — Job service administration fund

North Dakota § 52-02-09

• Jurisdiction: North Dakota
• Title 52: Social Security
• Ch. 52-02: Job Service North Dakota

Text

The job service administration fund consists of all money received from the United States,
or any agency thereof, and all money received from any other source for administrative and
program purposes except for the funds created by sections 52-03-01 and 52-04-22. All moneys
accruing to this fund in any manner must be maintained in this separate interest-bearing
account at the Bank of North Dakota. All money deposited or paid into this fund must be
continuously available to the bureau for expenditure in accordance with the provisions of this
law and may not lapse at any time or be transferred to any other fund. The fund must consist of
any money appropriated by this state in accordance with section 52-02-11; all money received
from any other source for the administration of the North Dakota unemployment compensation
law; all money received from any agency of the United States or any other state as
compensation for services or facilities supplied to such agency; all amounts received pursuant
to any surety bond or any insurance policy or from other sources for losses sustained by the job
service administration fund or by reason of damage to property, equipment, or supplies
purchased from money in such fund; and all proceeds realized from the sale or disposition of
any such property, equipment, or supplies which may no longer be necessary for the proper
administration of this law. Notwithstanding any provision of this section, all money requisitioned
and deposited in this fund pursuant to subsection 4 of section 52-03-07 must remain a part of
the unemployment compensation fund and must be used only in accordance with the conditions
specified in section 52-03-07.