                                 CODE OF VIRGINIA

BENEFIT ACCOUNT; REQUISITIONS FROM FEDERAL UNEMPLOYMENT TRUST FUND (§ 60.2-302)

Moneys shall be requisitioned from this Commonwealth&#8217;s account in the
Unemployment Trust Fund solely for the payment of benefits and in accordance
with regulations prescribed by the Commission, except that money credited to
this Commonwealth&#8217;s account, pursuant to § 903 of the Social Security Act
(42 U.S.C. § 1103), shall be used exclusively as provided in § 60.2-305. The
Commission shall requisition from the Unemployment Trust Fund such amounts, not
exceeding the amount standing to its credit, as it deems necessary for the
payment of benefits for a reasonable future period. Upon receipt of such
amounts, the same shall be paid into the state treasury to the credit of the
benefit account, and shall be used solely to pay the benefits provided for in
this title. Any balance of moneys requisitioned from the Unemployment Trust Fund
which remains unclaimed or unpaid in the benefit account, including
undeliverable payments, after the expiration of the period for which such sums
were requisitioned shall either (i) be deducted from estimates for, and may be
utilized for the payment of, benefits during succeeding periods, or (ii) in the
discretion of the Commission, be paid over to the Secretary of the Treasury of
the United States, as provided in § 60.2-301. All benefits shall be paid
through public employment offices provided for in this title.

HISTORY: Code 1950, § 60-92; 1960, c. 54; 1968, c. 738, § 60.1-108; 1986, c.
480; 1993, c. 249.