Withdrawals

1. Money may be requisitioned from this State’s account in the Unemployment Trust Fund solely for the payment of benefits and refunds in accordance with regulations prescribed by the Administrator, except that money credited to the account of the State of Nevada pursuant to Section 903 of the Social Security Act, as amended (42 U.S.C. § 1103), must be used exclusively as provided in NRS 612.617. 2. The Administrator shall from time to time requisition from the Unemployment Trust Fund such amounts, not exceeding the amounts standing to this State’s account therein, as the Administrator deems necessary for the payment of benefits for a reasonable future period. 3. Upon receipt thereof the State Treasurer shall deposit such money in the Benefit Account and the State Treasurer shall issue warrants for the payment of benefits solely from such Benefit Account. 4. Expenditures of such money in the Benefit Account and refunds from the Clearing Account are not be subject to any provisions of law requiring specific appropriations or other formal release by state officers of money in their custody. 5. All warrants issued by the State Treasurer for the payment of benefits and refunds must bear the signature of the State Treasurer and the countersignature of the Administrator, or the Administrator’s duly authorized agent for that purpose. 6. Any balance of money requisitioned from the Unemployment Trust Fund which remains unclaimed or unpaid in the Benefit Account after the expiration of the period for which such sums were requisitioned must be either deducted from estimates for, and may be utilized for the payment of, benefits during succeeding periods, or in the discretion of the Administrator must be redeposited with the Secretary of the Treasury to the credit of this State’s account in the Unemployment Trust Fund, as provided in NRS 612.590.