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SF 4602

as introduced - 92nd Legislature (2021 - 2022) Posted on 06/01/2022 02:51pm

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

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A bill for an act
relating to unemployment insurance; making technical corrections to an
appropriation for repayment and replenishment of the unemployment insurance
trust fund; amending Laws 2022, chapter 50, article 1, section 1.

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

Section 1.

Laws 2022, chapter 50, article 1, section 1, is amended to read:


Section 1. APPROPRIATION; UNEMPLOYMENT INSURANCE TRUST FUND
LOAN REPAYMENT AND REPLENISHMENT.

Subdivision 1.

Appropriation.

$2,324,175,000 from the state fiscal recovery federal
fund and $405,825,000 from the general fund in fiscal year 2022 are appropriated to the
commissioner of employment and economic development for the purposes of this deleted text begin sectiondeleted text end new text begin
article
new text end .

Subd. 2.

Repayment.

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.

Subd. 3.

Replenishment.

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 deleted text begin indeleted text end new text begin fornew text end this section.