HB 87: "An Act relating to money credited to the account of the state in the unemployment trust fund by the Secretary of the Treasury of the United States; and providing for an effective date."
00HOUSE BILL NO. 87 01 "An Act relating to money credited to the account of the state in the 02 unemployment trust fund by the Secretary of the Treasury of the United States; 03 and providing for an effective date." 04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 05 * Section 1. INTENT. It is the intent of the legislature that the state be eligible under the 06 Balanced Budget Act of 1997, P.L. 1005-33 and 42 U.S.C. 1103 (sec. 903, Social Security 07 Act) to have the Secretary of the Treasury of the United States credit the state's 08 unemployment trust fund with money for the purpose of administering the unemployment 09 compensation program. 10 * Sec. 2. UNEMPLOYMENT TRUST FUND. Notwithstanding AS 23.20.145(f), money 11 credited to the account of this state in the unemployment trust fund by the Secretary of the 12 Treasury of the United States from the effective date of this Act through September 30, 2002 13 under 42 U.S.C. 1103 (sec. 903, Social Security Act) shall be used, after enactment of an 14 appropriation law, solely for the administration of the unemployment compensation program.
01 Money credited under this section is not otherwise subject to the requirements of 02 AS 23.20.145(f)(1) - (3). 03 * Sec. 3. DEFINITIONS. In this Act, 04 (1) "unemployment trust fund" means the fund established in 05 AS 23.20.135(a)(2); 06 (2) "administering the unemployment compensation program" and 07 "administration of the unemployment compensation program" mean the Department of Labor's 08 activities relating to the collection of contributions and the payment of unemployment 09 compensation benefits under AS 23.20.165 - 23.20.530. 10 * Sec. 4. REPEAL. Sections 1 - 3 of this Act are repealed October 1, 2002. 11 * Sec. 5. This Act takes effect immediately under AS 01.10.070(c).