Unemployment insurance compensation fund for
political subdivisions, restriction modified.
be amended to read as follows:
The governing body of any political subdivision may establish an unemployment
insurance compensation fund. Expenditures from the fund shall be made only for payment of
unemployment insurance claims pursuant to the Federal Unemployment Insurance Act of 1939 as
on January 1, 2005
, and state law. Notwithstanding the provisions of §§ 7-21-25 and 9-
21-9, expenditures from the fund may be made without specific appropriations authority.
unexpended balance of the fund shall not revert at the end of a fiscal year.