Arkansas § 11-10-1002 Legislative findings and intent

Arkansas Statutes

§ 11-10-1002 — Legislative findings and intent

The General Assembly finds that:

(1)With a recession or economic slowdown now underway, the state's unemployment trust fund faces higher claims levels and longer benefit durations that accompany any economic downturn;

(2)The Arkansas Unemployment Trust Fund:

(A)Provides partial wage replacement to workers who find themselves out of work;

(B)Provides economic stability for a community when major unemployment occurs; and (C) Encourages workers to remain in the community and to be available for work recalls by employers;

(3)The state is in debt to the federal government for unemployment funds paid to citizens of the State of Arkansas; and (4) The bonds should be payable from revenues raised by an unemployment obligation assessment.

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The General Assembly finds that: (1) With a recession or economic slowdown now underway, the state's unemployment trust fund faces higher claims levels and longer benefit durations that accompany any economic downturn; (2) The Arkansas Unemployment Trust Fund: (A) Provides partial wage replacement to workers who find themselves out of work; (B) Provides economic stability for a community when major unemployment occurs; and (C) Encourages workers to remain in the community and to be available for work recalls by employers; (3) The state is in debt to the federal government for unemployment funds paid to citizens of the State of Arkansas; and (4) The bonds should be payable from revenues raised by an unemployment obligation assessment.

Arkansas § 11-10-1002 (Legislative findings and intent) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.