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AR SB302
Bill
Status
3/11/2019
Primary Sponsor
Kim Hammer
Click for details
AI Summary
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Allocates 15% of penalties assessed on fraudulent unemployment overpayments under § 11-10-532(a)(3) to the Unemployment Compensation Fund, with the remaining 85% credited to the Department of Workforce Services Special Fund.
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Creates a subaccount within the Department of Workforce Services Special Fund for penalties collected in excess of 15% of overpayment amounts.
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Restricts use of the subaccount exclusively for activities that protect the integrity of the unemployment insurance program and are necessary to proper administration of the Department of Workforce Services Law.
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Requires the Director of the Department of Workforce Services to report quarterly to the Legislative Council on all uses of the fund and subaccount.
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Approved March 8, 2019.
Legislative Description
To Amend The Law Concerning The Distribution Of The Penalty Assessed On Fraudulent Overpayments And Credited To The Unemployment Compensation Fund.
Last Action
Notification that SB302 is now Act 375
3/11/2019