Special assessments on employers to pay interest on loans from Secretary of Labor.

Checkout our iOS App for a better way to browser and research.

§383-61.5 Special assessments on employers to pay interest on loans from Secretary of Labor. Whenever the State requests a loan from the Secretary of Labor in accordance with title XII of the Social Security Act to pay expected benefit claims during a specified period of time, the director may assess all employers the amounts that are sufficient to pay the principal and interest costs on the loan; provided that the director develops a mechanism of distributing these payments among employers in a fair and equitable manner. [L 2010, c 2, §1]


Download our app to see the most-to-date content.