Section 1557 Of Article 3. Administration Fund From California Unemployment Insurance Code >> Division 1. >> Part 1. >> Chapter 6. >> Article 3.
1557
. Money in the Unemployment Administration Fund shall not be
commingled with other state funds, but shall be maintained in a
separate account on the books of the depositary. Such money shall be
secured by the depositary in which it is held to the same extent and
in the same manner as required under Chapter 4, Part 2, Division 4,
Title 2 of the Government Code, if deposited in a bank, or under
Chapter 4.5 (commencing with Section 16600) of Part 2 of Division 4
of Title 2 of the Government Code if deposited in a savings and loan
association and collateral pledged shall be maintained in a separate
custody account.