LD 1476
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LD 1476 Title Page PUBLIC Law Chapter 164 Page 2 of 2
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LR 1855
Item 1

 
CHAPTER 164

 
H.P. 1081 - L.D. 1476

 
An Act To Improve Timeliness of Unemployment Trust Fund

 
Deposits

 
Be it enacted by the People of the State of Maine as follows:

 
Sec. 1. 26 MRSA §1161, as amended by PL 1977, c. 675, §15, is
further amended to read:

 
§1161. Accounts and deposit

 
The Treasurer of State shall be is the ex officio treasurer
and custodian of the Unemployment Compensation Fund and shall
administer such the fund in accordance with the directions of the
commissioner. The Treasurer of State shall maintain within the
fund 3 4 separate accounts:

 
1. Clearing account. A clearing account for all money payable
to the trust fund account that is not deposited into the combined
unemployment insurance contributions and income tax withholding
account;

 
2. Trust fund account. An unemployment trust fund account;
and

 
3. Benefit account. A benefit account.; and

 
4.__Combined unemployment insurance contributions and income
tax withholding account.__A clearing account for that portion of
unemployment insurance contributions payable to the trust fund


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