NY A01152

Requires the Department of Labor to collect and report data whenever the governor requests federal Title XII advances (loans) for the state unemployment trust fund under Section 1201 of the Social Security Act

Mandates the report include: total dollar amount requested, monthly breakdown for the three-consecutive-month loan period, current interest rate on advances, and reasons for requesting the advance

Requires disclosure of any supplemental or amended requests when previously approved amounts are insufficient to meet unemployment benefit payment obligations

Must include the anticipated repayment date and describe potential impacts on employers if the state fails to repay, specifically regarding Federal Unemployment Tax Act (FUTA) tax reductions

Report must be submitted to the governor and legislative leaders within 30 days of any advance request, with annual reporting continuing until the advance is fully repaid