§ 11-10-801 - Establishment and control. - Arkansas Statutes

11-10-801. Establishment and control.

(a) There is established as a special fund, separate and apart from all public moneys or funds of this state, an Unemployment Compensation Fund, which shall be administered by the Director of the Arkansas Employment Security Department exclusively for the purposes of this chapter.

(b) This fund shall consist of:

(1) All the contributions collected pursuant to this chapter;

(2) All interest earned upon any money in the fund;

(3) All property or securities acquired in lieu of contributions or other liabilities to the fund;

(4) All earnings of such property or securities;

(5) All moneys recovered on losses sustained by the fund;

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

(7) All moneys credited to this state's account in the federal Unemployment Trust Fund pursuant to 903 of the Social Security Act;

(8) All moneys received for the fund from any other source;

(9) All moneys received from the federal government as reimbursements pursuant to 204 of the Federal-State Extended Unemployment Compensation Act of 1970; and

(10) All moneys received from the stabilization tax under 11-10-706, except the proceeds of subsection (f).

(c) All moneys in the fund shall be commingled and undivided.