Section 8-403 - Composition and use. - Maryland Statutes

§ 8-403. Composition and use.
 

(a)  Composition.- 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)  Commingling required.- Money in the Unemployment Insurance Fund shall be commingled. 

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

[An. Code 1957, art. 95A, § 10; 1991, ch. 8, § 2.]