Vermont Statutes Title 21 Sec. 1358
Terms Used In Vermont Statutes Title 21 Sec. 1358
- Commissioner: means the Commissioner of Labor established by this chapter, or his or her authorized representative. See
- compensation: means the money payments payable to an individual, as provided in this chapter, with respect to his or her unemployment. See
- Contributions: means the money payments to the State Unemployment Compensation Fund required by this chapter. See
- Fund: means the Unemployment Compensation Fund established by this chapter, to which all contributions required and from which all benefits provided under this chapter shall be paid. See
- State: means the states of the United States of America, the Commonwealth of Puerto Rico, the District of Columbia, and after December 31, 1977, the Virgin Islands. See
§ 1358. Unemployment Compensation Fund; establishment and control
There is hereby established as a special fund, to be kept separate and apart from all other public monies or funds of this State, an Unemployment Compensation Fund, which shall be administered by the Commissioner exclusively for the purposes of this chapter. This Fund shall consist of (1) all contributions collected under this chapter; (2) interest earned upon any monies in the Fund; (3) any property or securities acquired through the use of monies belonging to the Fund; (4) all earnings of such property or securities; (5) all money credited to this State’s account in the Unemployment Trust Fund pursuant to section 903 of the Social Security Act as amended; and (6) all other monies received for the Fund from any other source. All monies in the Fund shall be mingled and undivided. (Amended 1959, No. 329 (Adj. Sess.), § 22, eff. March 1, 1961; 1961, No. 210, § 15, eff. July 11, 1961; 1967, No. 190, § 1, eff. April 17, 1967.)