SF 2765

as introduced - 92nd Legislature (2021 - 2022) Posted on 02/04/2022 09:44am

A bill for an act
relating to unemployment; replenishing the Unemployment Trust Fund;
appropriating money.

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

Section 1. new text begin UNEMPLOYMENT TRUST FUND REPLENISHED; APPROPRIATION.
new text end

new text begin Subdivision 1. new text end

new text begin American Rescue Plan Act of 2021 funding. new text end

new text begin If the federal government
does not forgive the amounts borrowed by the state from the federal Unemployment Trust
Fund since July 2020, $1,132,000,000 of the American Rescue Plan Act of 2021 funding
received by the state from the state recovery fund in Public Law 117-2 shall be used to
replenish the Unemployment Trust Fund. Notwithstanding any law to the contrary, this
federal money shall be applied to replenish the Unemployment Trust Fund before any
additional assessment, special assessment, or other state unemployment tax rate increase is
calculated or imposed on taxpaying employers.
new text end

new text begin Subd. 2. new text end

new text begin Appropriation. new text end

new text begin Notwithstanding any law to the contrary, $1,132,000,000 in
fiscal year 2022 is appropriated from the fund or account where amounts received by the
state from the state recovery fund in Public Law 117-2 have been deposited to the
commissioner of management and budget for transfer to Minnesota's account in the
Unemployment Trust Fund in the United States Treasury, for the purpose of replenishing
the Unemployment Trust Fund, as provided under subdivision 1.
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