South Carolina Statutes
§ 41-29-280 — Annual reports.
South Carolina·Title 41 LABOR AND EMPLOYMENT·Ch. 29 EMPLOYMENT AND WORKFORCE - DEPARTMENT OF EMPLOYMENT AND WORKFORCE
Not later than the fifteenth day of January annually, the department shall submit to the Governor and the General Assembly a report covering the administration and operation of Chapters 27 through 41 of this title during the preceding fiscal year and make recommendations for amendments to these chapters as the department considers proper. These reports must include a balance sheet of the money in the fund in which there must be provided, if possible, a reserve against the liability in future years to pay benefits in excess of the then current contributions, which reserves must be set up by the department in accordance with accepted actuarial principles on the basis of statistics of employment, business activity, and other relevant factors for the longest possible period.
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Legislative History
HISTORY: 1962 Code SECTION 68-78; 1952 Code SECTION 68-78; 1942 Code SECTION 7035-91; 1936 (39) 1716; 1939 (41) 487; 1941 (42) 369; 2010 Act No. 146, SECTION 51, eff March 30, 2010. Effect of Amendment The 2010 amendment substituted "department" for three occurrences of "Commission"; and made other nonsubstantive changes.
Nearby Sections
15
§ 41-29-10
Unemployment security provisions; administration by Department of Employment and Workforce.§ 41-29-110
Duties and powers of department.§ 41-29-140
Reciprocal agreements.§ 41-29-160
Information generally confidential.§ 41-29-170
Permitted disclosure of information.§ 41-29-180
Reports to be kept to minimum.§ 41-29-200
Self-incriminating testimony.§ 41-29-230
State and federal cooperation.