Kentucky Statutes 341.595 – Governor to apply for advances from federal unemployment account and request cap on Federal Unemployment Tax Act credit reduction
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(1) The Governor is hereby authorized to apply for advances to the credit of this state‘s account in the unemployment trust fund from the federal unemployment account in such fund as provided for in Title XII of the Social Security Act when the balance of this state’s account requires such action.
(2) If eligible under federal law, the Governor shall make application in 2013 and in subsequent calendar years to the secretary of the United States Department of Labor to request a cap on any Federal Unemployment Tax Act, 26 U.S.C. secs. 3301 to
3311, credit reduction.
Effective: April 11, 2012
History: Amended 2012 Ky. Acts ch. 52, sec. 4, effective April 11, 2012. — Created
1978 Ky. Acts ch. 389, sec. 27, effective July 1, 1978.
(2) If eligible under federal law, the Governor shall make application in 2013 and in subsequent calendar years to the secretary of the United States Department of Labor to request a cap on any Federal Unemployment Tax Act, 26 U.S.C. secs. 3301 to
Terms Used In Kentucky Statutes 341.595
- Action: includes all proceedings in any court of this state. See Kentucky Statutes 446.010
- Federal: refers to the United States. See Kentucky Statutes 446.010
- Fund: means the unemployment insurance fund established by KRS §. See Kentucky Statutes 341.020
- Secretary: means the secretary of the Education and Labor Cabinet or his or her duly authorized representative. See Kentucky Statutes 341.005
- State: includes , in addition to the states of the United States of America, the
District of Columbia, Puerto Rico, the Dominion of Canada, and Virgin Islands. See Kentucky Statutes 341.020
3311, credit reduction.
Effective: April 11, 2012
History: Amended 2012 Ky. Acts ch. 52, sec. 4, effective April 11, 2012. — Created
1978 Ky. Acts ch. 389, sec. 27, effective July 1, 1978.