§ 19-5-984 - Department of Workforce Services Special Fund. - Arkansas Statutes

19-5-984. Department of Workforce Services Special Fund.

(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the "Department of Workforce Services Special Fund".

(b) (1) This fund shall consist of unemployment compensation contribution interest and penalty payments collected pursuant to 11-10-716 -- 11-10-723, and interest and penalty payments on overpayments collected under 11-10-532(c) and (d).

(2) The fund shall be used for refunds of interest and penalties erroneously paid and such other additional purposes necessary to the proper administration of the Department of Workforce Services Law, 11-10-101 et seq., as determined by the Director of the Department of Workforce Services as set out in 11-10-532(c) and (d) and 11-10-716 -- 11-10-723.

(c) The director shall report to the Legislative Council on a quarterly basis on all uses of the fund.