California Unemployment Insurance Code

§ 1611

UIC § 1611 Effective Jan 1, 2011Div. 1 · Part 1 · Ch. 6 · Art. 6

Statute text

Moneys in the Employment Training Fund shall be expended only for the purposes of Chapter 3.5 (commencing with Section 10200) of Part 1 of Division 3, and for the costs of administering this article and Section 976.6, except those moneys may be used for any of the following:

(a)With the approval of the Legislature, the fund or contributions to it may be used to pay interest charged on federal loans to the Unemployment Fund.

(b)Commencing with allocations made to the Employment Training Panel in the 1992–93 fiscal year, any moneys allocated to the panel in a fiscal year that are not encumbered by the panel in that fiscal year shall revert to the Unemployment Insurance Fund.

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Legislative history

Amended by Stats. 2010, Ch. 328, Sec. 224. (SB 1330) Effective January 1, 2011.