§ 1102. Transfers between Federal unemployment account and employment security administration account
757 words·~3 min read·
/usc/title-42/section-1102A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Determination of excess; amount transferred Whenever the Secretary of the Treasury determines pursuant to section 1101(f) of this title that there is an excess in the employment security administration account as of the close of any fiscal year and the entire amount of such excess is not retained in the employment security administration account or transferred to the extended unemployment compensation account as provided in section 1101(f)(3) of this title, there shall be transferred (as of the beginning of the succeeding fiscal year) to the Federal unemployment account the balance of such excess or so much thereof as is required to increase the amount in the Federal unemployment account to whichever of the following is the greater:
(1)$550 million, or
(2)the amount (determined by the Secretary of Labor and certified by him to the Secretary of the Treasury) equal to 0.5 percent of the total wages subject (determined without any limitation on amount) to contributions under all State unemployment compensation laws for the calendar year ending during the fiscal year for which the excess is determined.
(b)Unemployment account excesses The amount, if any, by which the amount in the Federal unemployment account as of the close of any fiscal year exceeds the greater of the amounts specified in paragraphs
(1)and
(2)of subsection
(a)shall be transferred to the employment security administration account as of the close of such fiscal year.
(c)Report to Congress Whenever the Secretary of Labor has reason to believe that in the next fiscal year the employment security administration account will reach the limit provided for such account in section 1101(f)(3)(A) of this title, and the Federal unemployment account will reach the limit provided for such account in subsection (a), and the extended unemployment compensation account will reach the limit provided for such account in section 1105(b)(2) of this title, he shall, after consultation with the Secretary of the Treasury, so report to the Congress with a recommendation for appropriate action by the Congress.
(Aug. 14, 1935, ch. 531, title IX, § 902, as added Aug. 5, 1954, ch. 657, § 2, 68 Stat. 669; amended Pub. L. 86–778, title V, § 521, Sept. 13, 1960, 74 Stat. 974; Pub. L. 91–373, title III, § 304(a), (b), Aug. 10, 1970, 84 Stat. 715, 716; Pub. L. 100–203, title IX, § 9154(b)(1), Dec. 22, 1987, 101 Stat. 1330–326; Pub. L. 102–318, title V, § 531(b), July 3, 1992, 106 Stat. 316; Pub. L. 105–33, title V, § 5402(a), Aug. 5, 1997, 111 Stat. 603.)
Connections41 cite this · traces to 3
Cited by 41 sections · top 34
U.S. Code
public-private-law
statutes-at-large
- Public Law 91–370
- Public Law 347
- Public Law 94–274To provide tor the orderly transition to the now October 1 to September 30 fiscal year
- Public Law 105–32Waiving certain enrollment requirements with respect to two specified bills of the One Hundred Fifth Congress
- Public Law 100–201To authorize the acceptance of a donation of land for addition to Big Bend National Park, in the State of Texas
- Public Law 116–127Making emergency supplemental appropriations for the fiscal year ending September 30, 2020, and for other purposes
- Public Law 102–318To extend the emergency unemployment compensation program, to revise the trigger provisions contained in the extended unemployment compensation program, and for other purposes
register
- Proposed RulesInterim final rules with request for comments
- NoticesNotice of proposed rulemaking
- NoticesNotice of proposed rulemaking
- Proposed RulesFinal rule
- Rules and RegulationsSemiannual Regulatory Agenda
- NoticesFinal rules
- NoticesProposed rule
- Presidential DocumentsFinal rule
- Rules and RegulationsFinal rule; technical amendments
- Rules and RegulationsSemiannual Regulatory Agenda
- NoticesProposed rule
- Rules and RegulationsSemiannual Regulatory Agenda
- Proposed RulesInterim final rules with request for comments
statute-compilations
bill
- Sec. 5Full federal funding of extended unemployment compensation for a limited period
- Sec. 4105Full federal funding of extended unemployment compensation for a limited period
- Sec. 4105Full federal funding of extended unemployment compensation for a limited period
- Sec. 105Full federal funding of extended unemployment compensation for a limited period
- Sec. 4105Full federal funding of extended unemployment compensation for a limited period
24 references not yet in our index
- Aug. 14, 1935, ch. 531
- Aug. 5, 1954, ch. 657, § 2
- 68 Stat. 669
- Pub. L. 86–778, title V, § 521
- 74 Stat. 974
- Pub. L. 91–373, title III, § 304(a)
- 84 Stat. 715
- Pub. L. 100–203, title IX, § 9154(b)(1)
- 101 Stat. 1330–326
- Pub. L. 102–318, title V, § 531(b)
- 106 Stat. 316
- Pub. L. 105–33, title V, § 5402(a)
- 111 Stat. 603
- act Aug. 14, 1935, ch. 531, title IX, § 902
- 49 Stat. 639
- Pub. L. 105–33
- Pub. L. 102–318
- Pub. L. 100–203
- Pub. L. 91–373, § 304(a)
- Pub. L. 91–373, § 304(b)
- Pub. L. 86–778
- Pub. L. 105–33, title V, § 5402(b)
- Pub. L. 102–318, title V, § 531(e)
- 106 Stat. 317
Citation graph
cites case law
§ 1102
Transfers between Federal unemployment account and employment security administration account
Fed. Reg.×14
Stat.×10
U.S.C.×8
Bills×5
Stat. Comp.×3
Pub. L.×1
ActAug. 14, 1935, ch. 531
ActAug. 5, 1954, ch. 657, § 2
Stat.68 Stat. 669
Pub. L.Pub. L. 86–778, title V, § 521
Stat.74 Stat. 974
Cites 27 · showing 8Cited by 41 across 6 sources