912 LAWS OF MARYLAND. [CH. 768

all earnings of such property or securities; (5) any
moneys received from the Federal Unemployment Account
in the Unemployment Trust Fund in accordance with Title
XII of the Social Security Act as amended; and (6) all
other moneys received for the fund from any other source.
All moneys in the fund shall be mingled and undivided.

9. (b) Accounts and Deposit.

The State Treasurer shall be ex-officio the Treasurer and
custodian of the Fund, who shall administer such fund in
accordance with such regulations as the Board shall pre-
scribe. 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 immedi-
ately deposit them in his name as Treasurer of the said
Fund in the clearing account. Interest, penalties and fines
shall be paid from the clearing account to the Special
Administrative Expense Fund. 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 Treas-
ury 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, re-
lease, or disbursement of moneys in the possession or cus-
tody 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 depos-
ited by the Treasurer under the direction of the Board
in any bank or public depository in which general funds
of the State may be deposited but no public deposit insur-
ance 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 adminis-
tration fund.

9. (c) Withdrawals.

Moneys shall be requisitioned from this State's account
in the unemployment trust fund solely for the payment of