600 LAWS OF MARYLAND. [CH. 311

immediately deposited with the Secretary of the Treasury
of the United States of America to the credit of the account
of this State in the unemployment trust fund, established
and maintained pursuant to Section 904 of the Social Secu-
rity Act, as amended, any provisions of law in this State re-
lating to the deposit, administration, release, or disburse-
ment of moneys in the possession or custody of this State
to the contrary notwithstanding. The benefit account shall
consist of all moneys requisitioned from this State's account
in the unemployment trust fund. Moneys in the clearing
and benefit accounts may be deposited by the Treasurer un-
der the direction of the Board in any bank or public deposi-
tory in which general funds of the State may be deposited,
but no public deposit insurance charge or premium shall be
paid out of the fund. The Treasurer shall give a separate
bond conditioned upon the faithful performance of his duties
as custodian of the Fund in an amount fixed by the Board
and in a form prescribed by law or approved by the Attorney
General. Premiums for said bond shall be paid from the
administration fund.

(c) WITHDRAWALS.

Moneys shall be requisitioned from this State's account in
the unemployment trust fund solely for the payment of bene-
fits and in accordance with regulations prescribed by the
Board. The Board shall from time to time requisition from
the unemployment trust fund such amounts, not exceeding the
amounts standing to its account thereof, as it deems necessary
for the payment of benefits for a reasonable future period.
Upon receipt thereof the Treasurer shall deposit such moneys
in the benefit account for the payment of benefits solely from
such benefit account. Expenditures of such moneys in the
benefit account and refunds from the clearing account shall
not be subject to any provisions of law requiring specific ap-
propriations or other formal release by State officers of money
in their custody. All checks issued by the Treasurer
for the payment of benefits and refunds shall bear the
signature, or facsimile signature, of the Treasurer, and
be countersigned by the duly authorized agent or agents,
of the Board; and all such checks shall be issued only
upon the warrant of the Board signed by at least one of the
members of said Board. Any balance of moneys 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 shall either be
deducted from estimates for, and may be utilized for the pay-
ment of, benefits during succeeding periods, or, in the discre-
tion of the Board, shall be redeposited with the Secretary of