Georgia § 34-8-87 Borrowing funds from United States Treasury upon depletion of Unemployment Compensation Fund

Georgia Statutes

§ 34-8-87 — Borrowing funds from United States Treasury upon depletion of Unemployment Compensation Fund

Georgia § 34-8-87

Title34

This text of Georgia § 34-8-87 (Borrowing funds from United States Treasury upon depletion of Unemployment Compensation Fund) is published on Counsel Stack Legal Research, covering Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

O.C.G.A. § 34-8-87 (2026).

Text

The Commissioner is authorized to borrow funds from the United States Treasury in accordance with standards and regulations promulgated by the United States Department of Labor and pursuant to laws of the United States. Such authority is granted only to be used if and when the Unemployment Compensation Fund should be depleted; and all funds so borrowed shall be used only for the purpose of paying benefits to those persons eligible to receive such benefits.

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The Commissioner is authorized to borrow funds from the United States Treasury in accordance with standards and regulations promulgated by the United States Department of Labor and pursuant to laws of the United States. Such authority is granted only to be used if and when the Unemployment Compensation Fund should be depleted; and all funds so borrowed shall be used only for the purpose of paying benefits to those persons eligible to receive such benefits.