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Section 41-33-140. Withdrawal and use of money credited to State's account in unemployment trust fund.

SC Code § 41-33-140 (2019) (N/A)
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Money credited to the account of this State pursuant to Section 903 of the Social Security Act, as amended, may not be withdrawn or used except for the payment of benefits and for the payment of expenses for the administration of Chapters 27 through 41 of this Title. Amounts credited to this State's account in the unemployment trust fund under Section 903 of the Social Security Act which are obligated for administration or paid out for benefits shall be charged against equivalent amounts which were first credited and which are not already so charged; except that no amount obligated for administration during a twelve-month period specified in Section 41-33-150 (3) may be charged against any amount credited during such a twelve-month period earlier than the twenty-fourth preceding such period.

HISTORY: 1962 Code Section 68-313.1; 1952 Code Section 68-313; 1942 Code Section 7035-89; 1936 (39) 1716; 1939 (41) 487; 1941 (42) 369; 1957 (50) 580; 1959 (51) 286; 1964 (53) 2089; 1969 (56) 248; 1973 (58) 248.

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Section 41-33-130. Appropriation or formal release not required for expenditures from benefit account or refunds from clearing account.
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Section 41-33-150. Appropriation law required for requisitions from unemployment trust fund for payment of administrative expenses; warrants.