California Unemployment Insurance Code

§ 3003

UIC § 3003Div. 1 · Part 2 · Ch. 5 · Art. 1

Statute text

(a)Except as provided in subdivision (c), all surplus money in the Disability Fund may be invested solely in securities set forth in subdivision (b) of this section, and all interest or earnings therefrom shall be deposited in the Disability Fund.

(b)Eligible securities for the investment of surplus money shall be:

(1)Bonds or interest-bearing notes or obligations of the United States, or those for which the faith and credit of the United States are pledged for the payment of principal and interest.

…

Legislative history

Amended by Stats. 1980, Ch. 1025, Sec. 20.