Page:United States Statutes at Large Volume 74.djvu/1018

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[74 Stat. 978]
[74 Stat. 978]
PUBLIC LAW 86-000—MMMM. DD, 1960

978

PUBLIC LAW 86-778-SEPT. 13, 1960

Ante, p. 970. Post, p. 980.

42 USC note.

1103

II J'|t- gigios-

[74

STAT.

administration of that title by the Social Security Board, the Federal Security Administrator, or the Secretary of Labor, and expenditures foj. ^he" administration of title IX of this Act, or of the Federal Unemployment Tax Act, by the Department of the Treasury, the Social Security Board, the Federal Security Administrator, or the Secretary of Labor. For the purposes of this subsection, there shall be deducted from the total amount of taxes collected prior to July 1, 1943, under title IX of this Act, the sum of $40,561,886.43 which was authorized to be appropriated by the Act of August 24, 1937 (50 Stat. 754), and the sum of $18,451,846 which was authorized to be appropriated by section 11(b) of the Kailroad Unemployment Insurance Act." AMENDMENT OF TITLE XII OF THE SOCIAL SECURITY ACT

SEC. 522. (a) Title X II of the Social Security Act (42 U.S.C. sec. 1321 and following) is amended to read as follows: "TITLE

X II — A D V A N C E S TO S T A T E FUNDS

UNEMPLOYMENT

" A D V A N C E S TO STATE UNEMPLOYMENT FUNDS

"SEC. 1201. (a)(1) Advances shall be made to the States from the Federal unemployment account in the Unemployment Trust Fund as provided in this section, and shall be repayable, without interest, in Ante, pp. 972, the manner provided in sections 901(d)(1), 903(b)(2), and 1202. An advance to a State for the payment of compensation in any month may be made if— " (A) the Governor of the State applies therefor no earlier than the first day of the preceding month, and " (B) he furnishes to the Secretary of Labor his estimate of the amount of an advance which will be required by the State for the payment of compensation in such month. "(2) In the case of any application for an advance under this section to any State for any month, the Secretary of Labor shall— " (A) determine the amount (if any) which he finds will be required by such State for the payment of compensation in such month, and " (B) certify to the Secretary of the Treasury the amount (not greater than the amount estimated by the Governor of the State) determined under subparagraph (A). The aggregate of the amounts certified by the Secretary of Labor with respect to any month shall not exceed the amount which the Secretary of the Treasury reports to the Secretary of Labor is available in the Federal unemployment account for advances with respect to such month. " (3) For purposes of this subsection— " (A) an application for an advance shall be made on such forms, and shall contain such information and data (fiscal and otherwise) concerning the operation and administration of the State unemployment compensation law, as the Secretary of Labor deems necessary or relevant to the performance of his duties under this title, " (B) the amount required by any State for the payment of compensation in any month shall be determined with due allowance for contingencies and taking into account all other amounts that will be available in the State's unemployment fund for the payment of compensation in such month, and