Four funds are established to administer this Chapter. The State Treasurer is responsible for investing all revenue received by the funds as provided in N.C. Gen. Stat. § 147-69.2 and N.C. Gen. Stat. § 147-69.3 Interest and other investment income earned by a fund accrues to it. Payments from a fund may be made only upon the warrant of the Secretary of Commerce.

The four funds are:

(1) The Employment Security Administration Fund established under N.C. Gen. Stat. § 96-5

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Terms Used In North Carolina General Statutes 96-4.1

  • state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3

(2) The Supplemental Employment Security Administration Fund established under N.C. Gen. Stat. § 96-5.1

(3) The Unemployment Insurance Fund established under N.C. Gen. Stat. § 96-6

(4) The Unemployment Insurance Reserve Fund established under N.C. Gen. Stat. § 96-6.2 (2013-2, s. 1(b); 2013-224, s. 19.)

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