Page:United States Statutes at Large Volume 74.djvu/917

This page needs to be proofread.
[74 Stat. 877]
[74 Stat. 877]
PUBLIC LAW 86-000—MMMM. DD, 1960

.74

STAT,]

PUBLIC LAW 8 6 - 7 3 9 - S E P T. 8, 1960

877

66 Unemployment Compensation Act of 1958), whenever such amount has Stat. Stat. 684; 72 1216. been determined with respect to the District of Columbia, but prior to 38 U S C 2 0 0 12009. December 1, 1963. SEC. 2. There is hereby appropriated, pursuant to section 14 of the District of Columbia Unemployment Compensation Act (49 Stat. 946, 954), as amended (sec. 46-314, D.C. Code, 1951 edition, supp. VII) from the moneys credited pursuant to section 903 of the Social Security Act (49 Stat. 640), as amended (68 Stat. 670; 42 U.S.C. 1958 ed., sec. 1103), to the account of the District of Columbia in the Unemployment Trust Fund in the Treasury of the United States, $150,000 or so much thereof as may be necessary to pay over to the United States an amount equal to the amount of costs incurred by the District Unemployment Compensation Board in the admin72 istration of the Temporary Unemployment Compensation Act of 4 2 Stat.e 171. 4 0 0 us 1 1958. This amount shall be paid whenever such amount is deter- h o t e. mined but not later than two years from the date of the enactment of this appropriation. I n any event this payment shall be made prior to December 1, 1963. The amount obligated pursuant to this section during any fiscal year shall not exceed the amount by which (a) the aggregate of the amounts credited to the account oi the District of 68 Stat. 670. Columbia pursuant to section 903 of the Social Security Act during 42 USC 1103. such fiscal year and the four preceding fiscal years exceeds (b) the aggregate of the amounts obligated for administration and paid out for benefits and charged against the amounts credited to the account of the District of Columbia during such five fiscal years. s p e c l Adminis SEC. 3. (a) There is hereby created a special fund in the Treasury tration i aFund. of the United States, separate and apart from the District Unemployment Fund, to be known as a Special Administration Fund. Notwithstanding any contrary provisions of the District of Columbia 49 Stat. Unemployment Compensation Act—(1) Interest and penalties col- D. e. e o946. 4 6de lected from employers after the end of the month in which this Act is 325. enacted shall be deposited into the clearing account in the District Unemployment Fund in the Treasury of the United States for clearance only and shall not, except as provided in subsection (c), be deemed a part of the District Unemployment F u n d; (2) thereafter, 49 Stat. 947. D. during each calendar quarter there shall be transferred from the clear- 302. e. e o d e 4 6ing account to such Special Administration Fund all interest and penalties collected from employers during the preceding calendar quarter; and (3) refunds of interest and penalties paid into the Special Administration Fund shall be made from such fund or, after such fund is discontinued as hereinafter provided, from the balance transferred from such fund to the clearing account in the District Unemployment Fund. (b) The District Unemployment Compensation Board is authorized and directed to requisition from such Special Administration Fund an amount equal to the District's proportionate share of other costs incurred in the administration of the Temporary Unemployment 72 Stat. 173. Compensation Act of 1958 as prescribed in section 104(a) thereof, 42 USC 1400c. whenever such amount has been determined with respect to the District of Columbia and sufficient funds are available in such Special Administration Fund, and prior to December 1, 1963, to pay such amount to the United States. (c) Thereafter, and as soon as the amount in the Special Administration F u n d exceeds $5,000, such amount shall be transferred to the clearing account in the District Unemployment Fund, such Special Administration F u n d shall be discontinued, and all interest and penalties subsequently collected from employers shall be paid into the Dis946, trict Unemployment F u n d as provided by the District of Columbia 49 Stat. Code 947. D. C. 46302, 46-325. Unemployment Compensation Act. Approved September 8, 1960.