California · Unemployment Insurance Code - UIC

UIC §1586: All amounts in the Contingent Fund are hereby continuously appropriated without regard to fiscal years for refund of amounts collected and erroneously deposited therein, for interest payable under thi

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What this law says, in plain English

Money in the Contingent Fund is automatically set aside to refund amounts that were mistakenly deposited there and to pay required interest.

Read the full statutory text

All amounts in the Contingent Fund are hereby continuously appropriated without regard to fiscal years for refund of amounts collected and erroneously deposited therein, for interest payable under this division on refunds and judgments and for the administration of the department.

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