§ 28-43-34. Repayment — Federal advances.
(a) If at any time the amount in the employment security fund exceeds the amount of any
outstanding balance of this state due to the federal unemployment account in the unemployment
trust fund, the governor may, upon recommendation of the director, in accordance with
federal law and regulations in effect, cause to be paid from the employment security
fund an amount equal to the outstanding balance to the federal unemployment account.
(b) If on June 30, 1985, or on any subsequent June 30, the amount in the employment security
fund exceeds the amount of any outstandin
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§ 28-43-34. Repayment — Federal advances.
(a) If at any time the amount in the employment security fund exceeds the amount of any
outstanding balance of this state due to the federal unemployment account in the unemployment
trust fund, the governor may, upon recommendation of the director, in accordance with
federal law and regulations in effect, cause to be paid from the employment security
fund an amount equal to the outstanding balance to the federal unemployment account.
(b) If on June 30, 1985, or on any subsequent June 30, the amount in the employment security
fund exceeds the amount of any outstanding balance of this state due to the federal
unemployment account in the unemployment trust fund, the governor shall, in accordance
with federal law and regulations then in effect, cause to be paid from the employment
security fund an amount equal to the outstanding balance to the federal unemployment
account; provided, that the remaining balance in the unemployment security fund after
that payment will equal or exceed twenty-five percent (25%) of the amount of benefits
estimated by the director to be paid in the next succeeding twelve (12) months.
(c) In any calendar year beginning on or after January 1, 1983, the governor may, upon
recommendation of the director, cause to be paid from the employment security fund
to the federal unemployment account, any amount or amounts if, in accordance with
federal laws and regulations then in effect, the governor deems that payment to be
in the best interest of this state.
(d) The governor may delegate his or her authority to make voluntary repayments of Title
XII advances from the account of the State of Rhode Island in the unemployment trust
fund to the federal unemployment account to the director in accordance with the provisions
of Section 1202 of the Social Security Act [42 U.S.C. § 1322]. The director may make voluntary repayments as he or she deems necessary, provided
that upon making such a voluntary repayment, the director shall notify the governor,
the speaker of the house, the senate president, the chair of the house finance committee,
and the chair of the senate finance committee of the action taken.