Section 1524 Of Article 2. Unemployment Fund From California Unemployment Insurance Code >> Division 1. >> Part 1. >> Chapter 6. >> Article 2.

. The State Treasurer is ex officio the treasurer and custodian of the Unemployment Fund. He shall administer the fund in accordance with the directions of the director. The official bond of the State Treasurer shall cover the faithful performance of his duties as treasurer of the Unemployment Fund.