Article 4.1. Building Fund of California Unemployment Insurance Code >> Division 1. >> Part 1. >> Chapter 6. >> Article 4.1.
(a) There is in the State Treasury the Employment Development
Department Building Fund. There shall be deposited in, or
transferred to, the fund the following:
(1) All money received from the sale or lease of real property,
the purchase, acquisition, or construction of which was made by an
appropriation to the Employment Development Department for that
specific purpose, which was amortized with federal funds paid out of
the Unemployment Administration Fund.
(2) All interest earned by the fund.
(b) Money in the fund shall only be expended pursuant to
appropriations by the Legislature.
The Employment Development Department Building Fund shall be
used for the acquisition, construction, or renovation of department
facilities, necessary for the director to administer this code and
laws relating thereto.