Statute · California Unemployment Insurance Code
Cal. Unemp. Ins. Code § 827 — Financing Unemployment Insurance Coverage for Public School Employees
Cal. Unemp. Ins. Code § 827
- Type
- Statute
- Source
- California Unemployment Insurance Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Whenever the unencumbered balance of interest deposited in or earned by the School Employees Fund, after deducting administrative expenses paid or encumbered, exceeds two million dollars ($2,000,000) as of the close of each fiscal year, the unencumbered balance shall be credited as of the close…
Citator
Cal. Unemp. Ins. Code § 827 — Financing Unemployment Insurance Coverage for Public School Employees is in force in the current edition of the Code, and nothing recorded condemns it.
Whenever the unencumbered balance of interest deposited in or earned by the School Employees Fund, after deducting administrative expenses paid or encumbered, exceeds two million dollars ($2,000,000) as of the close of each fiscal year, the unencumbered balance shall be credited as of the close of that fiscal year to the account of each school employer which has a positive balance in the fund, in the proportion that each positive account balance bears to the total of all positive account balances.