Restore Unemployment Insurance Fund Balance
Concerning the restoration of the money spent by the state during the COVID-19 pandemic for the state's unemployment insurance program.
2022 Regular Session
Labor & Employment
- Requires the state treasurer to transfer $1.1 billion from the general fund to the unemployment compensation fund (fund) to restore the balance of the fund to the fund's pre-pandemic level; and
- Requires the director of the division of unemployment insurance to repay the federal government for $1.014 billion of advances received from the federal government in responding to the COVID-19 pandemic.
(Note: This summary applies to this bill as introduced.)