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GA SB475
Bill
Status
Introduced
2/8/2024
Primary Sponsor
Chuck Hufstetler
Click for details
AI Summary
- From July 1, 2024, through July 1, 2026, the Commissioner of Labor may retain up to 20 percent of fines, penalties, and interest collected under employment security law (excluding amounts collected under Code Section 34-8-255) for deposit into a separate account within the Unemployment Compensation Fund.
- Retained funds must be used exclusively for strengthening the Unemployment Compensation Fund, preventing fraud, and improving service delivery to employers and claimants.
- The Commissioner must maintain records of all retained amounts and expenditures, which must be made available for review by the General Assembly, the state accounting officer, and the state auditor upon request.
- Civil monetary penalties of up to $5,000 per violation for non-employer violations related to improper employer contribution rate transfers are redirected from a penalty and interest account to the state treasury under the general disposition rules.
- The act becomes effective upon the Governor's approval or upon becoming law without such approval.
Legislative Description
Labor and Industrial Relations; provisions relating to the disposition of fines, penalties; change
Last Action
Senate Read Second Time
2/21/2024
Committee Referrals
Appropriations2/9/2024
Full Bill Text
No bill text available