2014 Arizona Revised Statutes
Title 23 - Labor
§ 23-665.02 Unemployment special assessment proceeds fund

23-665.02. Unemployment special assessment proceeds fund

(Rpld. 1/1/16)

A. The unemployment special assessment proceeds fund is established and consists of monies transferred to the fund as provided by law. The fund shall be kept separate from all other monies of this state. The department shall administer the fund. Monies in the fund are continuously appropriated for the purposes prescribed in this section and are exempt from the provisions of section 35-190, relating to the lapsing of appropriations.

B. Notwithstanding any other law, if this state has an outstanding loan to pay unemployment insurance benefits to eligible claimants, fund monies shall be:

1. Used to pay interest charges incurred on the loan.

2. After payments pursuant to paragraph 1 of this subsection, used to retire the loan principal or, if the director has issued notes pursuant to this article, transferred to the note debt service fund as prescribed in section 23-665.03.

C. Any monies remaining in the fund after payment of all principal and interest on the loan, including delinquent amounts collected after this payment, and amounts payable as prescribed in section 23-655.03, subsection A, paragraph 2 shall be transferred to the unemployment compensation fund established by section 23-701.