Montana Code 39-51-401. Unemployment insurance fund — establishment and control
39-51-401. Unemployment insurance fund — establishment and control. There is established separate and apart from all public money or funds of this state a fund in the enterprise fund type known as the unemployment insurance fund, which must be administered by the department exclusively for the purposes of this chapter. Any reference to the unemployment insurance fund in the Montana Code Annotated means the unemployment insurance enterprise fund. All money in the fund must be mingled and undivided. This fund consists of:
Terms Used In Montana Code 39-51-401
- Contributions: means the money payments to the state unemployment insurance fund required by this chapter but does not include assessments under 39-51-404. See Montana Code 39-51-201
- Department: means the department of labor and industry provided for in Title 2, chapter 15, part 17. See Montana Code 39-51-201
- Fund: means the unemployment insurance fund established by this chapter to which all contributions and payments in lieu of contributions must be paid and from which all benefits provided under this chapter must be paid. See Montana Code 39-51-201
- Property: means real and personal property. See Montana Code 1-1-205
- State: includes , in addition to the states of the United States of America, the District of Columbia, Puerto Rico, the Virgin Islands, and Canada. See Montana Code 39-51-201
(1)all contributions collected under this chapter and payments made in lieu of contributions as provided in 39-51-1124 through 39-51-1126;
(2)interest earned upon any money in the fund;
(3)any property or securities acquired through the use of money belonging to the fund;
(4)all earnings of the property or securities acquired by the fund;
(5)all money credited to this state’s account in the unemployment trust fund pursuant to 42 U.S.C. § 1103 and 1104, as amended; and
(6)30% of the penalty payments as provided in 39-51-3201.