§ 28-42-18 - Establishment of fund. - Rhode Island Statutes

SECTION 28-42-18

   § 28-42-18  Establishment of fund. –(a) There is created the employment security fund, to be administered by thedirector without liability on the part of the state beyond the amounts paidinto and earned by the fund. This fund shall consist of:

   (1) All contributions paid pursuant to §§ 28-43-16– 28-43-22;

   (2) All other moneys paid into and received by the fund;

   (3) Property and securities acquired by and through the useof moneys belonging to the fund;

   (4) Interest earned upon the money belonging to the fund; and

   (5) All money credited to this state's account in theunemployment trust fund pursuant to 42 U.S.C. § 1103.

   (b) All moneys in the fund shall be mingled and undivided.