{"data":{"id":"us-ky/krs-341.500","jurisdiction":"us-ky","citation":"KRS 341.500","heading":"Accounts and deposits.","body":"(1) The State Treasurer shall be the treasurer and custodian of the fund. He shall\nadminister the fund in accordance with the direction of the secretary and shall pay\nall vouchers approved by the Finance and Administration Cabinet and drawn upon\nthe fund in ac cordance with regulations prescribed by the secretary. He shall\nmaintain within the fund three (3) separate accounts: a clearing account; an\nunemployment trust fund account; and a benefit account.\n(2) All money payable to the fund, upon receipt thereof by the cabinet, shall be\nforwarded to the Treasurer, who shall immediately deposit it in the clearing\naccount. Refunds payable under KRS 341.330 may be paid from the clearing\naccount upon warrants issued by the Treasurer under the direction of the secretary.\nAfter clearance thereof, all other money in the clearing account shall be\nimmediately deposited with the secretary of the federal treasury to the credit of the\naccount of this state in the unemployment trust fund, established and maintained\nunder Section 904 of the Social Security Act (49 Stat. 620), as amended, any other\nlaw to the contrary notwithstanding.\n(3) The benefit account shall consist of all money requisitioned from the state's account\nin the unemployment trust fund. Except as otherwise provided in this chapter,\nmoney in the clearing and benefit accounts may be deposited by the Treasurer,\nunder the direction of the secretary, in any bank or public depository in which\ngeneral funds of the state may be deposited, but no public deposit insurance char ge\nor premium shall be paid out of the fund.","path":["KRS Chapter 341"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=32312","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:29Z","sha256":"81717ca97aef3a1748eb4394705c7fb552e30cd245c3f81bbaf47acb2de07581","source_id":"us-ky","stale":false,"prev":"us-ky/krs-341.490","next":"us-ky/krs-341.510"},"notice":"GroundRules: Original legal text. Not legal advice."}