Benefits shall be deemed to be due and payable under this chapter only to the extent provided in this chapter and to the extent that monies are available therefor to the credit of the Unemployment Compensation Fund. Neither the State nor the Commissioner shall be liable for any amount in excess of such sums. (Amended 1959, No. 329 (Adj. Sess.), § 22, eff. March 1, 1961; 1961, No. 210, § 15, eff. July 11, 1961.)