Common use of The Unemployment Trust Fund Clause in Contracts

The Unemployment Trust Fund. 10.5.1 The State shall use the following method to calculate and document the State interest liabilities for the FECA and the EUCA: The liability shall be calculated by multiplying the annualized rate required by the CMIA times the Federal portion of the average daily balance in the commingled account. The estimated average daily balance in the commingled account shall be determined by multiplying the FECA and EUCA percentage of total daily deposits in the commingled account times the average daily balance of the commingled account.