SF 2677

as introduced - 92nd Legislature (2021 - 2022) Posted on 02/07/2022 04:50pm

A bill for an act
relating to unemployment; repaying unemployment insurance trust fund loans;
replenishing the unemployment insurance trust fund; appropriating money.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin APPROPRIATION; UNEMPLOYMENT INSURANCE TRUST FUND
LOAN REPAYMENT AND REPLENISHMENT.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $....... from the state fiscal recovery fund and $....... from
the general fund in fiscal year 2022 are appropriated to the commissioner of employment
and economic development for the purposes of this section.
new text end

new text begin Subd. 2. new text end

new text begin Repayment. new text end

new text begin Within ten days following enactment of this section, the
commissioner must determine the sum of any outstanding loans and any interest accrued
on the loans from the federal unemployment insurance trust fund, and issue payments to
the federal unemployment trust fund equal to that sum.
new text end

new text begin Subd. 3. new text end

new text begin Replenishment. new text end

new text begin Following the full repayment of outstanding loans from the
federal unemployment insurance trust fund, the commissioner must deposit into the
unemployment insurance trust fund all the remaining money appropriated in this section.
new text end

new text begin Subd. 4. new text end

new text begin Rescindment of special assessments and rate increases. new text end

new text begin The commissioner
must rescind any unemployment insurance trust fund additional assessments, special
assessments, or base tax rate increases implemented between July 1, 2020, and the enactment
of this section.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end