(1) There is hereby established a fund to be known as the
unemployment compensation administration fund. Except as
otherwise provided in this section, all moneys which are
deposited or paid into this fund are hereby made available to the
commissioner. All moneys in this fund shall be expended solely
for the purpose of defraying the cost of the administration of
this title, and for no other purpose whatsoever. All moneys
received from the United States of America, or any agency
thereof, for said purpose pursuant to section 302 of the social
security act, as amended, shall be expended solely for the
purposes and in the amounts found necessary by the secretary of
labor for the proper and efficient administration of this title.
All moneys received from the United States employment service,
United States department of labor, for said purpose pursuant to
the act of congress approved June 6, 1933, as amended or
supplemented by any other act of congress, shall be expended
solely for the purposes and in the amounts found necessary by the
secretary of labor for the proper and efficient administration of
the public employment office system of this state. The
unemployment compensation administration fund shall consist of
all moneys received from the United States of America or any
department or agency thereof, or from any other source, for such
purpose. All moneys in this fund shall be deposited,
administered, and disbursed by the treasurer of the unemployment
compensation fund under rules and regulations of the commissioner
and none of the provisions of RCW 43.01.050 shall be applicable
to this fund. The treasurer last named shall be the treasurer of
the unemployment compensation administration fund and shall give
a bond conditioned upon the faithful performance of his or her
duties in connection with that fund. All sums recovered on the
official bond for losses sustained by the unemployment
compensation administration fund shall be deposited in said fund.
(2) Notwithstanding any provision of this section:
(a) All money requisitioned and deposited in this fund
pursuant to RCW 50.16.030(6) shall remain part of the
unemployment compensation fund and shall be used only in
accordance with the conditions specified in RCW 50.16.030 (4),
(5) and (6).
(b) All money deposited in this fund pursuant to RCW 50.38.065 shall be used only after appropriation and only for the
purposes of RCW 50.38.060.
[2010 c 8 § 13020; 1993 c 62 § 8; 1959 c 170 § 3; 1947 c 215 § 13; 1945 c 35 § 64; Rem. Supp. 1947 § 9998-202. Prior: 1941 c 253 § 7; 1939 c 214 § 11; 1937 c 162 § 13.]
NOTES:
Conflict with federal requirements -- Effective date -- 1993 c 62: See RCW 50.38.901 and 50.38.902.