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California Unemployment Insurance Code

§ 1527

UIC § 1527Div. 1 · Part 1 · Ch. 6 · Art. 2

Statute text

View on leginfo.ca.gov
Immediately after clearance, all money in the clearing account except interest on contributions, and penalties collected shall be deposited in or invested in the obligations of the Unemployment Trust Fund of the United States of America or its authorized agent to the credit of this State, any provisions of law in this State relating to the deposit, administration, release, or disbursement of money in the possession or custody of this State to the contrary notwithstanding. The amounts so deposited or invested shall be entered in the Unemployment Trust Fund Account.

Legislative history

Amended by Stats. 1955, Ch. 1165.

Source: California Unemployment Insurance Code § 1527 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.