PRINTER'S NO. 2449
No. 1931 Session of 1987
INTRODUCED BY PITTS, RYAN, TRELLO, PUNT, DeLUCA, McCLATCHY,
PETRONE, FOSTER, GEIST, S. H. SMITH, HERMAN, CESSAR, VROON,
DISTLER, FARMER, BIRMELIN, JOHNSON, NOYE, HECKLER,
D. W. SNYDER, FREIND, FLICK, DeVERTER, GALLEN, CLYMER,
J. L. WRIGHT, SCHULER, BARLEY, BUSH, CARLSON, BLACK,
JADLOWIEC, MERRY, ROBBINS, FARGO, JACKSON, SCHEETZ, HONAMAN,
McVERRY, SEMMEL, BOOK, BURD, HAGARTY, FOX, NAHILL, BUNT,
HERSHEY, WILSON, PHILLIPS, E. Z. TAYLOR, BOWSER, DIETTERICK,
SIRIANNI, LASHINGER, MOEHLMANN, MOWERY, LEH, CORNELL,
GODSHALL, G. SNYDER, HESS, LANGTRY, SAURMAN, CHADWICK, DORR
AND GLADECK, NOVEMBER 10, 1987
REFERRED TO COMMITTEE ON LABOR RELATIONS, NOVEMBER 10, 1987
AN ACT
1 Requiring the repayment of advances to the Unemployment
2 Compensation Fund from the Federal unemployment account in
3 the Unemployment Trust Fund.
4 The General Assembly of the Commonwealth of Pennsylvania
5 hereby enacts as follows:
6 Section 1. Short title.
7 This act shall be known and may be cited as the Unemployment
8 Trust Fund Repayment Act.
9 Section 2. Repayment.
10 (a) Declaration of policy.--The General Assembly finds and
11 declares that, if the balance of advances made to the
12 Unemployment Compensation Fund from the Federal unemployment
13 account in the Unemployment Trust Fund under Title XII of the
14 Social Security Act (Public Law 74-271, 42 U.S.C. § 1321 et
1 seq.), are not repayed by November 10, 1988, thus retiring all
2 outstanding unemployment compensation loans owed and debt
3 incurred by the Commonwealth as of November 10, 1988, Federal
4 unemployment tax credit loss penalties under section 3302 of the
5 Internal Revenue Code of 1986 (Public Law 99-514, 26 U.S.C. §
6 3302) will be imposed upon Commonwealth employers.
7 (b) Execution.--By November 10, 1988, the Governor shall
8 repay, from the Unemployment Compensation Fund, the balance of
9 advances made to the Unemployment Compensation Fund from the
10 Federal unemployment account in the Unemployment Trust Fund
11 under Title XII of the Social Security Act, thus retiring all
12 outstanding unemployment compensation loans owed and debt
13 incurred by the Commonwealth as of November 10, 1988.
14 Section 3. Effective date.
15 This act shall take effect immediately.
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