State Codes and Statutes

Statutes > Vermont > Title-21 > Chapter-17 > 1359

§ 1359. -Administration of

(a) The fund shall be administered in trust and used solely to pay benefits and refunds upon vouchers drawn on the fund by the commissioner pursuant to this chapter and to such rules and regulations as the board is authorized to promulgate, except that money credited to this state's account under section 903 of the Social Security Act, as amended, shall be used exclusively as provided in subsection (b) of this section. There shall be maintained within said fund three separate fund accounts, (1) a clearing account; (2) an unemployment trust fund account; and (3) a benefit account. All moneys payable to the fund upon receipt thereof shall be immediately deposited in the clearing account, and, after clearance thereof, shall, except that said moneys may be expended for the payment of refunds under this chapter, be deposited immediately with the secretary of the treasury of the United States of America to the credit of the unemployment trust fund account of the state of Vermont in the unemployment trust fund established and maintained pursuant to the act of Congress designated as the Social Security Act, as amended. The commissioner shall requisition from said Vermont unemployment trust fund account such amounts from time to time as are necessary for and to be used solely in the payment of benefits and refunds under this chapter. Such requisitioned sums shall be deposited in the benefit account. Any moneys so withdrawn shall not be used for expenses of administration or any purpose other than the payment of benefits and refunds under this chapter. Requirements with respect to specific appropriation or other formal release by state officers of moneys belonging to the state shall not be applicable to withdrawals from said fund.

(b) Money credited to the account of this state in the unemployment trust fund by the secretary of the treasury of the United States of America under section 903 of the Social Security Act, as amended,

(1) may not be requisitioned from this state's account or used except for the payment of benefits and for the payment of expenses incurred for the administration of this chapter. Such money may be requisitioned under subsection (a) of this section for the payment of benefits. That money may also be requisitioned and used for the payment of expenses incurred for the administration of this chapter but only under a specific appropriation by the legislature and only if the expenses are incurred and the money is requisitioned after the enactment of an appropriation law which:

(A) specifies the purpose for which the money is appropriated and the amount appropriated therefor,

(B) limits the period within which the money may be obligated to a period ending not more than two years after the date of the enactment of the appropriation law, and

(C) limits the amount which may be obligated during any 12-month period beginning on July 1 and ending on the next June 30, including the 12-month period which began on July 1, 1968 and ends on June 30, 1969, to an amount which does not exceed the amount by which

(i) the aggregate of the amounts credited to the account of this state under Section 903 of the Social Security Act, as amended, during the same 12-month period and the 14 preceding 12-month periods, exceeds

(ii) the aggregate of the amount obligated for administration and paid out for benefits and charged against the amounts credited to the account of this state during those 15 12-month periods.

(2) which is obligated for administration or paid out for benefits shall be charged against equivalent amounts which were first credited and which are not already so charged; except that no amount obligated for administration during a 12-month period specified herein may be charged against any amount credited during such a 12-month period earlier than the 14th preceding such period. Amounts credited to this state's account in the unemployment trust fund under Section 903 of the Social Security Act, as amended, which has been appropriated for expenses of administration shall be excluded from the unemployment compensation fund balance for the purposes of section 1326 of this title.

(c) Money appropriated as provided herein for the payment of expenses of administration shall be requisitioned as needed for the payment of obligations incurred under the appropriation and, upon requisition, shall be deposited in the unemployment compensation administration fund from which those payments shall be made. Money so deposited shall, until expended, remain a part of the unemployment compensation fund and, if it will not be expended, shall be returned promptly to the account of this state in the unemployment trust fund. (Amended 1959, No. 329 (Adj. Sess.), § 22, eff. March 1, 1961; 1961, No. 210, § 15, eff. July 11, 1961; 1967, No. 190, § 2, eff. April 17, 1967; 1969, No. 77, eff. April 18, 1969.)

State Codes and Statutes

Statutes > Vermont > Title-21 > Chapter-17 > 1359

§ 1359. -Administration of

(a) The fund shall be administered in trust and used solely to pay benefits and refunds upon vouchers drawn on the fund by the commissioner pursuant to this chapter and to such rules and regulations as the board is authorized to promulgate, except that money credited to this state's account under section 903 of the Social Security Act, as amended, shall be used exclusively as provided in subsection (b) of this section. There shall be maintained within said fund three separate fund accounts, (1) a clearing account; (2) an unemployment trust fund account; and (3) a benefit account. All moneys payable to the fund upon receipt thereof shall be immediately deposited in the clearing account, and, after clearance thereof, shall, except that said moneys may be expended for the payment of refunds under this chapter, be deposited immediately with the secretary of the treasury of the United States of America to the credit of the unemployment trust fund account of the state of Vermont in the unemployment trust fund established and maintained pursuant to the act of Congress designated as the Social Security Act, as amended. The commissioner shall requisition from said Vermont unemployment trust fund account such amounts from time to time as are necessary for and to be used solely in the payment of benefits and refunds under this chapter. Such requisitioned sums shall be deposited in the benefit account. Any moneys so withdrawn shall not be used for expenses of administration or any purpose other than the payment of benefits and refunds under this chapter. Requirements with respect to specific appropriation or other formal release by state officers of moneys belonging to the state shall not be applicable to withdrawals from said fund.

(b) Money credited to the account of this state in the unemployment trust fund by the secretary of the treasury of the United States of America under section 903 of the Social Security Act, as amended,

(1) may not be requisitioned from this state's account or used except for the payment of benefits and for the payment of expenses incurred for the administration of this chapter. Such money may be requisitioned under subsection (a) of this section for the payment of benefits. That money may also be requisitioned and used for the payment of expenses incurred for the administration of this chapter but only under a specific appropriation by the legislature and only if the expenses are incurred and the money is requisitioned after the enactment of an appropriation law which:

(A) specifies the purpose for which the money is appropriated and the amount appropriated therefor,

(B) limits the period within which the money may be obligated to a period ending not more than two years after the date of the enactment of the appropriation law, and

(C) limits the amount which may be obligated during any 12-month period beginning on July 1 and ending on the next June 30, including the 12-month period which began on July 1, 1968 and ends on June 30, 1969, to an amount which does not exceed the amount by which

(i) the aggregate of the amounts credited to the account of this state under Section 903 of the Social Security Act, as amended, during the same 12-month period and the 14 preceding 12-month periods, exceeds

(ii) the aggregate of the amount obligated for administration and paid out for benefits and charged against the amounts credited to the account of this state during those 15 12-month periods.

(2) which is obligated for administration or paid out for benefits shall be charged against equivalent amounts which were first credited and which are not already so charged; except that no amount obligated for administration during a 12-month period specified herein may be charged against any amount credited during such a 12-month period earlier than the 14th preceding such period. Amounts credited to this state's account in the unemployment trust fund under Section 903 of the Social Security Act, as amended, which has been appropriated for expenses of administration shall be excluded from the unemployment compensation fund balance for the purposes of section 1326 of this title.

(c) Money appropriated as provided herein for the payment of expenses of administration shall be requisitioned as needed for the payment of obligations incurred under the appropriation and, upon requisition, shall be deposited in the unemployment compensation administration fund from which those payments shall be made. Money so deposited shall, until expended, remain a part of the unemployment compensation fund and, if it will not be expended, shall be returned promptly to the account of this state in the unemployment trust fund. (Amended 1959, No. 329 (Adj. Sess.), § 22, eff. March 1, 1961; 1961, No. 210, § 15, eff. July 11, 1961; 1967, No. 190, § 2, eff. April 17, 1967; 1969, No. 77, eff. April 18, 1969.)


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Statutes > Vermont > Title-21 > Chapter-17 > 1359

§ 1359. -Administration of

(a) The fund shall be administered in trust and used solely to pay benefits and refunds upon vouchers drawn on the fund by the commissioner pursuant to this chapter and to such rules and regulations as the board is authorized to promulgate, except that money credited to this state's account under section 903 of the Social Security Act, as amended, shall be used exclusively as provided in subsection (b) of this section. There shall be maintained within said fund three separate fund accounts, (1) a clearing account; (2) an unemployment trust fund account; and (3) a benefit account. All moneys payable to the fund upon receipt thereof shall be immediately deposited in the clearing account, and, after clearance thereof, shall, except that said moneys may be expended for the payment of refunds under this chapter, be deposited immediately with the secretary of the treasury of the United States of America to the credit of the unemployment trust fund account of the state of Vermont in the unemployment trust fund established and maintained pursuant to the act of Congress designated as the Social Security Act, as amended. The commissioner shall requisition from said Vermont unemployment trust fund account such amounts from time to time as are necessary for and to be used solely in the payment of benefits and refunds under this chapter. Such requisitioned sums shall be deposited in the benefit account. Any moneys so withdrawn shall not be used for expenses of administration or any purpose other than the payment of benefits and refunds under this chapter. Requirements with respect to specific appropriation or other formal release by state officers of moneys belonging to the state shall not be applicable to withdrawals from said fund.

(b) Money credited to the account of this state in the unemployment trust fund by the secretary of the treasury of the United States of America under section 903 of the Social Security Act, as amended,

(1) may not be requisitioned from this state's account or used except for the payment of benefits and for the payment of expenses incurred for the administration of this chapter. Such money may be requisitioned under subsection (a) of this section for the payment of benefits. That money may also be requisitioned and used for the payment of expenses incurred for the administration of this chapter but only under a specific appropriation by the legislature and only if the expenses are incurred and the money is requisitioned after the enactment of an appropriation law which:

(A) specifies the purpose for which the money is appropriated and the amount appropriated therefor,

(B) limits the period within which the money may be obligated to a period ending not more than two years after the date of the enactment of the appropriation law, and

(C) limits the amount which may be obligated during any 12-month period beginning on July 1 and ending on the next June 30, including the 12-month period which began on July 1, 1968 and ends on June 30, 1969, to an amount which does not exceed the amount by which

(i) the aggregate of the amounts credited to the account of this state under Section 903 of the Social Security Act, as amended, during the same 12-month period and the 14 preceding 12-month periods, exceeds

(ii) the aggregate of the amount obligated for administration and paid out for benefits and charged against the amounts credited to the account of this state during those 15 12-month periods.

(2) which is obligated for administration or paid out for benefits shall be charged against equivalent amounts which were first credited and which are not already so charged; except that no amount obligated for administration during a 12-month period specified herein may be charged against any amount credited during such a 12-month period earlier than the 14th preceding such period. Amounts credited to this state's account in the unemployment trust fund under Section 903 of the Social Security Act, as amended, which has been appropriated for expenses of administration shall be excluded from the unemployment compensation fund balance for the purposes of section 1326 of this title.

(c) Money appropriated as provided herein for the payment of expenses of administration shall be requisitioned as needed for the payment of obligations incurred under the appropriation and, upon requisition, shall be deposited in the unemployment compensation administration fund from which those payments shall be made. Money so deposited shall, until expended, remain a part of the unemployment compensation fund and, if it will not be expended, shall be returned promptly to the account of this state in the unemployment trust fund. (Amended 1959, No. 329 (Adj. Sess.), § 22, eff. March 1, 1961; 1961, No. 210, § 15, eff. July 11, 1961; 1967, No. 190, § 2, eff. April 17, 1967; 1969, No. 77, eff. April 18, 1969.)


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