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§ 8-407. Federal advances

West's Annotated Code of MarylandLabor and Employment

West's Annotated Code of Maryland
Labor and Employment
Title 8. Unemployment Insurance (Refs & Annos)
Subtitle 4. Funds (Refs & Annos)
Part I. Unemployment Insurance Fund (Refs & Annos)
MD Code, Labor and Employment, § 8-407
§ 8-407. Federal advances
Currentness
Application by Secretary
(a) In accordance with and to obtain the advantages under Title XII of the Social Security Act1 the Secretary:
(1) may apply for an advance to the Unemployment Insurance Fund; and
(2) has responsibility for repayment of the advance.
Interest on payments
(b) Interest required to be paid on an advance under subsection (a) of this section:
(1) shall be paid in a timely manner; and
(2) may not be paid directly or indirectly from contributions or from the Unemployment Insurance Fund.

Credits

Added by Acts 1991, c. 8, § 2, eff. Oct. 1, 1991.
Formerly Art. 95A, §§ 10, 12.

Footnotes

1
Aug. 14, 1935, ch. 531, 49 Stat. 620, codified at 42 U.S.C.A. § 301 et seq.
MD Code, Labor and Employment, § 8-407, MD LABOR & EMPLY § 8-407
Current through legislation effective through April 25, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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