{"data":{"id":"us-nc/n.c.-gen.-stat.-96-6","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 96-6","heading":"Unemployment Insurance Fund.","body":"(a)\tEstablishment and Use. - The Unemployment Insurance Fund is established as an enterprise fund. The Division must administer the fund solely for the payment of unemployment compensation as that term is defined by section 3306(h) of the Code, exclusive of expenses of administration, and for refunds of sums erroneously paid into the fund. No money in the fund may be used, directly or indirectly, to pay interest on an advance received from the Unemployment Trust Fund.\nThis fund consists of the following sources of revenue:\n(1)\tContributions collected under this Chapter.\n(2)\tProperty or securities acquired through the use of monies belonging to the fund.\n(3)\tInterest and investment earnings of the fund.\n(4)\tMonies received from this State's account in the Unemployment Trust Fund in accordance with Title XII of the Social Security Act, as amended.\n(5)\tMonies credited to this State's account in the Unemployment Trust Fund pursuant to section 903 of Title IX of the Social Security Act, as amended.\n(6)\tMonies paid to this State pursuant to section 204 of the Federal-State Extended Unemployment Compensation Act of 1970.\n(7)\tReimbursement payments in lieu of contributions.\n(8)\tAny federally mandated penalty amount assessed under G.S. 96-18(h).\n(9)\tAmounts transferred from the Unemployment Insurance Reserve Fund.\n(b)\tAccounts. - The State Treasurer must maintain within the fund three separate accounts:\n(1)\tA clearing account.\n(2)\tAn unemployment trust fund account.\n(3)\tA benefit account.\n(b1)\tClearing Account. - The Division must credit monies payable to the Unemployment Insurance Fund to the clearing account. The Controller must immediately deposit amounts in the clearing account with the secretary of the treasury of the United States to the credit of the account of this State in the Unemployment Trust Fund.\n(b2)\tUnemployment Trust Fund Account. - The unemployment trust fund account consists of monies requisitioned from the State's account in the Unemployment Trust Fund to make refunds of overpayments of contributions. To obtain funds needed to make refunds, the Controller must requisition the amount needed from the Unemployment Trust Fund and credit the amount received to this account.\n(c)\tBenefit Account. - The benefit account consists of monies requisitioned from the State's account in the Unemployment Trust Fund to pay benefits. To obtain funds to pay benefits under this Chapter, the Controller must requisition the amount needed from the State's account in the Unemployment Trust Fund and credit the amount received to this account. Warrants for the payment of benefits are payable from this account. Amounts in the benefit account that are not needed to pay the benefits for which they were requisitioned may be applied to the payment of benefits for succeeding periods or, in the discretion of the Controller, deposited to the credit of the State's account in the Unemployment Trust Fund.\n(d)\tDiscontinuance of Unemployment Trust Fund. - If the Unemployment Trust Fund or the State's account within the federal Fund ceases to exist, the credit balance of the State's account in that Fund must be transferred to the Unemployment Insurance Fund and credited to the benefit account.\n(e),\t(f) Repealed by Session Laws 2013-2, s. 1(b), effective July 1, 2013. (Ex. Sess. 1936, c. 1, ss. 9, 18; 1939, c. 27, s. 7; c. 52, s. 4; c. 208; 1941, c. 108; 1945, c. 522, s. 4; 1947, c. 326, s. 6; 1953, c. 401, ss. 1, 6; 1959, c. 362, s. 1; 1961, c. 454, ss. 1-3; 1969, c. 575, s. 3; 1971, c. 673, ss. 3, 4; 1985, c. 197, s. 2; 2006-66, s. 6.19(a); 2006-203, s. 23; 2006-221, s. 3A; 2006-259, s. 40(a); 2011-401, s. 2.5; 2012-134, s. 3(e); 2013-2, s. 1(b); 2013-224, s. 19; 2013-391, s. 1.)","path":["Chapter 96. Employment Security.","Article 1. Definitions and Funds."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_96/GS_96-6.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:14:07Z","sha256":"b4800bbf83f12172db029b5f9d17cd2f732355a6ccaae554d10177d08b239f04","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-96-5.1","next":"us-nc/n.c.-gen.-stat.-96-6.1"},"notice":"GroundRules: Original legal text. Not legal advice."}