Loading chat...
NY A02911
Bill
Status
2/1/2023
Primary Sponsor
Edward Ra
Click for details
AI Summary
-
Department of Labor must collect and compile data on all requests from the governor for federal Title XII advances for the state unemployment trust fund under the federal Social Security Act
-
Report must include total dollar amounts requested, monthly advance amounts, interest rates, reasons for requests, supplemental requests, anticipated repayment dates, and impact on employers' federal unemployment tax credit reductions
-
Department must submit reports to the governor, legislative leaders, and relevant committee chairs within 30 days of each advance request and continue annual reporting until the advance is fully repaid
-
Commissioner of Labor may include additional information deemed necessary in the reports
-
Act takes effect immediately upon enactment
Legislative Description
Relates to requiring the department of labor to collect and report certain information regarding requests from the governor or his or her authorized agent for federal Title XII advances for the state unemployment trust fund.
Last Action
referred to labor
1/3/2024