24 LAWS OF MARYLAND. [CH. 17

shall administer such fund in accordance with such regula-
tions as the Board shall prescribe. He shall maintain within
the fund three separate accounts: (1) A clearing account,
(2) an unemployment trust fund account, and (3) a benefit
account. All moneys payable to the fund, upon receipt thereof
by the Board, shall be forwarded to the Treasurer who shall
immediately deposit them in his name as Treasurer of the said
Fund in the clearing account. Refunds payable pursuant to
Sections 14 and 19 (g) (7) (B) of this Act may be paid
from the clearing account, or the benefit account by
the Treasurer under the direction of the Board. After clear-
ance thereof, all other moneys in the clearing account shall be
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 Security
Act, as amended, any provisions of law in this State relating
to the deposit, administration, release, or disbursement of
moneys in the possession or custody of this State to the con-
trary notwithstanding. The benefit account shall consist of
all moneys requisitioned from this State's account in the un-
employment trust fund. Moneys in the clearing and benefit
accounts may be deposited by the Treasurer under the direc-
tion of the Board in any bank or public depository 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 pre-
scribed 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 benefits and for the payment of refunds pur-
suant to Sections 14 (d) and 19 (g) (7) (B) 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
such benefits and refunds for a reasonable future period.
Upon receipt thereof the Treasurer shall deposit such
moneys in the benefit account for the payment of benefits and
refunds 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 appropriations 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