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MI HB4958
Bill
Status
7/16/2014
Primary Sponsor
Frank Foster
Click for details
AI Summary
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Authorizes the Michigan Finance Authority to issue notes and bonds to finance unemployment compensation obligations and repay federal advances, with proceeds pledged to an obligation trust fund.
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Establishes an unemployment obligation assessment on all contributing employers to fund principal, interest, and administrative expenses related to issued obligations, collected quarterly and in addition to regular contributions.
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Adds oil, gas, and mineral landmen as excluded from employment coverage if compensated based on task completion rather than hours worked and operating under independent contractor agreements.
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Excludes from employment coverage workers holding H-2B visas and J-1 exchange visitor program visas beginning January 1, 2014, when employers maintain required supporting documentation.
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Effective date is 60 days after enactment (August 26, 2014).
Legislative Description
Employment security; benefits; eligibility criteria for unemployment benefits for mineral landmen and certain visa holders; clarify, and prescribe treatment of wages for certain purposes. Amends secs. 26a, 42 & 43 of 1936 (Ex Sess) PA 1 (MCL 421.26a et seq.).
Employment security, administration
Last Action
Assigned Pa 241'14 With Immediate Effect
7/16/2014