50.16.015 - Federal interest payment fund -- Establishment. - Washington Statutes

Federal interest payment fund — Establishment.

A separate and identifiable fund to provide for the payment of interest on advances received from this state's account in the federal unemployment trust fund shall be established and administered under the direction of the commissioner. This fund shall be known as the federal interest payment fund and shall consist of contributions paid under RCW 50.16.070. All money in this fund shall be expended solely for the payment of interest on advances received from this state's account in the federal unemployment trust fund and for no other purposes whatsoever.

[2006 c 13 § 19. Prior: 2003 2nd sp.s. c 4 § 24; 1983 1st ex.s. c 13 § 6.]

Notes: Retroactive application -- 2006 c 13 §§ 8-22: See note following RCW 50.04.293.

Conflict with federal requirements -- Part headings not law -- Severability -- 2006 c 13: See notes following RCW 50.20.120.

Conflict with federal requirements -- Severability -- Effective date -- 2003 2nd sp.s. c 4: See notes following RCW 50.01.010.

Conflict with federal requirements -- 1983 1st ex.s. c 13: See note following RCW 50.22.100.