{"data":{"id":"us-nc/n.c.-gen.-stat.-96-6.2","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 96-6.2","heading":"Unemployment Insurance Reserve Fund.","body":"(a)\tEstablishment and Use. - The Unemployment Insurance Reserve Fund is established as an enterprise fund. The Fund consists of the revenues derived from the surtax imposed under G.S. 96-9.7. Monies in the Fund may be used only for the following purposes:\n(1)\tInterest payments required on advances under Title XII of the Social Security Act.\n(2)\tPrincipal payments on advances under Title XII of the Social Security Act.\n(3)\tTransfers to the Unemployment Insurance Fund for payment of benefits.\n(4)\tAdministrative costs for the collection of the surtax.\n(5)\tRefunds of the surtax.\n(b)\tFund Capped. - The balance in the Unemployment Insurance Reserve Fund on January 1 of any year may not exceed the greater of fifty million dollars ($50,000,000) or the amount of interest paid the previous September on advances under Title XII of the Social Security Act. Any amount in the fund that exceeds the cap must be transferred to the Unemployment Insurance Fund. (2013-2, s. 1(b); 2013-224, ss. 4, 19.)","path":["Chapter 96. Employment Security.","Article 1. Definitions and Funds."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_96/GS_96-6.2.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:14:07Z","sha256":"b936c75b7cfb0a3eea7fddc37b843ee473a95df2d607d9cb16faf71fd3658b95","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-96-6.1","next":"us-nc/n.c.-gen.-stat.-96-7"},"notice":"GroundRules: Original legal text. Not legal advice."}