North Carolina General Statutes 96-11.6. Interest on Unemployment Insurance Fund allocated among employers’ accounts
Terms Used In North Carolina General Statutes 96-11.6
- following: when used by way of reference to any section of a statute, shall be construed to mean the section next preceding or next following that in which such reference is made; unless when some other section is expressly designated in such reference. See North Carolina General Statutes 12-3
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3
The Division must determine the ratio of the credit balance in each employer’s account to the total of the credit balances in all employers’ accounts as of the computation date. The Division must allocate an amount equal to the interest credited to this State‘s account in the Unemployment Trust Fund for the four completed calendar quarters preceding the computation date on a pro rata basis to these accounts. The amount must be prorated to an employer’s account in the same ratio that the credit balance in the employer’s account bears to the total of the credit balances in all the accounts. Voluntary contributions made by an employer after July 31 of a year are not considered a part of the employer’s account balance used in determining the allocation under this section until the computation date in the following year. (2013-2, s. 4; 2013-224, s. 19.)