23-702. Custody of unemployment compensation fund The state treasurer shall be ex officio the treasurer and custodian of the unemployment compensation fund. He shall administer the fund in accordance with the provisions of this chapter and the direction of the commission, and shall pay all warrants drawn thereon in accordance with such regulations as the commission prescribes. Monies in the fund shall be secured by the depository to the same extent and in the same manner as required by the general depository law of the state.
Arizona Legal Code