Vermont Statutes Title 21 Sec. 1360
Terms Used In Vermont Statutes Title 21 Sec. 1360
- Commissioner: means the Commissioner of Labor established by this chapter, or his or her authorized representative. See
- compensation: means the money payments payable to an individual, as provided in this chapter, with respect to his or her unemployment. See
- Fund: means the Unemployment Compensation Fund established by this chapter, to which all contributions required and from which all benefits provided under this chapter shall be paid. See
§ 1360. Treasurer
The Commissioner shall designate a treasurer of the Fund, who shall pay all vouchers duly drawn upon the Fund, in such manner as the Commissioner may prescribe. He or she shall have custody of all monies belonging to the Fund and not otherwise held or deposited or invested pursuant to this chapter. The treasurer shall give bond conditioned on the faithful performance of his or her duties as treasurer of the Fund in an amount specified by the Commissioner and approved by the Governor. All premiums upon bonds required pursuant to this section when furnished by an authorized surety company shall be paid from the Unemployment Compensation Administration Fund. The treasurer shall deposit the monies constituting the Fund, under the supervision and control of the Commissioner, according to the provisions of this chapter. (Amended 1959, No. 329 (Adj. Sess.), § 22, eff. March 1, 1961; 1961, No. 210, § 15, eff. July 11, 1961.)