Unemp. Ins. Code, § 1029 · Article 4. Reserve Accounts
Unemp. Ins. Code, § 1029
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) Whenever an employer ceases to pay wages in employment, the reserve account of the employer, unless it has been transferred under Article 5 (commencing with Section 1051), shall be canceled on the records of the department after a period of three consecutive years has elapsed following the latest calendar quarter in which the employer paid wages in employment.
(b) Whenever a period of three consecutive years has elapsed, commencing with the effective date of an election by any entity to finance benefits pursuant to Section 803, any portion of the reserve account of the entity that has not been subject to use pursuant to Section 712 or 713, unless that portion has been reacquired by the entity by termination of the election under Section 803 prior to the expiration of the three-year period, shall be canceled on the records of the department. Section 982 shall apply to that entity.
(c) Upon the termination of an election by a school employer to finance benefits pursuant to Article 6 (commencing with Section 821) of Chapter 3, any favorable balance in the account of the school employer under the election shall be canceled on the records of the department.
Notes and commentary — not statutory text
History
Amended by Stats. 1993, Ch. 854, Sec. 4. Effective January 1, 1994.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=UIC§ionNum=1029.
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- sha256 36e49890bb6bc4068e1342b312b3205bba0d5ed9f32c19b643d6e28fcf8b1dd9
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- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Unemployment Insurance Code
- Unemp. Ins. Code, § 712Printed as Section 712 or 713
- Unemp. Ins. Code, § 713Printed as Section 712 or 713
- Unemp. Ins. Code, § 803Printed as Section 803
- Unemp. Ins. Code, div. 1, pt. 1, ch. 3, art. 6Financing Unemployment Insurance Coverage for Public School EmployeesPrinted as Article 6 (commencing with Section 821) of Chapter 3
- Unemp. Ins. Code, § 982Printed as Section 982
- Unemp. Ins. Code, div. 1, pt. 1, ch. 4, art. 5Transfer of Reserve AccountsPrinted as Article 5 (commencing with Section 1051)
Cited by 6 provisions
Provisions in this library whose text cites Unemp. Ins. Code, § 1029. Each shows the citation as that text prints it.
Unemployment Insurance Code
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