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California Unemployment Insurance Code

§ 3003

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

Statute text

View on leginfo.ca.gov
(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.

Source: California Unemployment Insurance Code § 3003 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.