Sec. 1201. advances to state unemployment funds
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/statute-compilations/comps-8764/sec-1201A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
## Sec. 1201 advances to state unemployment funds **[**[42 U.S.C. 1321](/us/usc/t42/s1321)**]** ###
(a)####
(1)Advances shall be made to the States from the Federal unemployment account in the Unemployment Trust Fund as provided in this section, and shall be repayable, with interest to the extent provided in section 1202(b), in the manner provided in sections 901(d)(1), 903(b)(2), and 1202. An advance to a State for the payment of compensation in any 3-month period may be made if— #####
(A)the Governor of the State applies therefor no earlier than the first day of the month preceding the first month of such 3 month period, and #####
(B)he furnishes to the Secretary of Labor his estimate of the amount of an advance which will be required by the State for the payment of compensation in each month of such 3-month period. ####
(2)In the case of any application for an advance under this section to any State for any 3-month period, the Secretary of Labor shall— #####
(A)determine the amount (if any) which he finds will be required by such State for the payment of compensation in each month of such 3-month period, and #####
(B)certify to the Secretary of the Treasury the amount (not greater than the amount estimated by the Governor of the State) determined under subparagraph (A). The aggregate of the amounts certified by the Secretary of Labor with respect to any 3-month period shall not exceed the amount which the Secretary of the Treasury reports to the Secretary of Labor is available in the Federal unemployment account for advances with respect to each month of such 3-month period. ####
(3)For purposes of this subsection— #####
(A)an application for an advance shall be made on such forms and shall contain such information and data (fiscal and other wise) concerning the operation and administration of the State unemployment compensation law, as the Secretary of Labor deems necessary or relevant to the performance of his duties under this title, #####
(B)the amount required by any State for the payment of compensation in any month shall be determined with due allowance for contingencies and taking into account all other amounts that will be available in the State's unemployment fund for the payment of compensation in such month, and #####
(C)the term “**compensation**” means cash benefits payable to individuals with respect to their unemployment, exclusive of expenses of administration. ###
(b)The Secretary of the Treasury shall, prior to audit or settlement by the General Accounting Office, transfer in monthly installments from the Federal unemployment account to the account of the State in the Unemployment Trust Fund the amount certified under subsection
(a)by the Secretary of Labor (but not exceeding that portion of the balance in the Federal unemployment account at the time of the transfer which is not restricted as to use pursuant to section 903(b)(1)). The amount of any monthly installment so transferred shall not exceed the amount estimated by the State to be required for the payment of compensation for the month with respect to which such installment is made.
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Sec. 1201
advances to state unemployment funds
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