Section 803.2 Of Article 5. Elections For Financing Unemployment Insurance Coverage From California Unemployment Insurance Code >> Division 1. >> Part 1. >> Chapter 3. >> Article 5.
803.2
. Notwithstanding any other provision of this article, a
nonprofit organization which elected reimbursement financing under
Section 803 and which has acquired a previously accumulated favorable
reserve account under Section 712 or 713 shall be liable for the
reimbursement of benefits pursuant to such election for any benefits
chargeable to the reserve account and based upon wages paid prior to
such election, to the extent that such benefits exceed the previously
accumulated favorable reserve account.