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Employment and Training Administration

DOL/ETA

RIN: 1205-AB53

Publication ID: Fall 2010

Title: Federal-State Unemployment Compensation Program; Funding Goals for Interest-Free Advances

Abstract: Under title XII of the Social Security Act (42 U.S.C. 1321 et seq.), States may, when needed, obtain repayable advances from the Federal unemployment account in the Unemployment Trust Fund to pay State unemployment compensation benefits. States may be exempted from the requirement to pay interest on these advances under certain conditions, including the condition that the “State meets funding goals” established by the Secretary of Labor in regulations. The regulation would establish these funding goals.

Agency: Department of Labor(DOL)

Priority: Other Significant

RIN Status: Previously published in the Unified Agenda

Agenda Stage of Rulemaking: Completed Actions

Major: No

Unfunded Mandates: No

CFR Citation: 20 CFR 606 (To search for a specific CFR, visit the Code of Federal Regulations.)

Legal Authority: 42 USC 1322(b)(2)(C); 26 USC 7805(a); Secretary Order No 3-2007, April 3, 2007 (72 FR 15907)

Legal Deadline: None

Timetable:

Action

Date

FR Cite

NPRM

06/25/2009

74 FR 30402

NPRM Comment Period End

08/24/2009

 

Final Action

09/17/2010

75 FR 57146

Final Action Effective

10/18/2010

75 FR 57146

Regulatory Flexibility Analysis Required: No

Government Levels Affected: State

Small Entities Affected: No

Federalism: No

Included in the Regulatory Plan: No

RIN Information URL: www.regulations.gov

Public Comment URL: www.regulations.gov

RIN Data Printed in the FR: No

Agency Contact:
Ronald Wilus
Chief, Division of Fiscal and Actuarial Services
Department of Labor
Employment and Training Administration
200 Constitution Avenue NW., FP Building, Room S-4231,
Washington, DC 20210
Phone:202 693-2931
Email: wilus.ronald@dol.gov