Federal advances

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    (a)    In accordance with and to obtain the advantages under Title XII of the Social Security Act the Secretary:

        (1)    may apply for an advance to the Unemployment Insurance Fund; and

        (2)    has responsibility for repayment of the advance.

    (b)    Interest required to be paid on an advance under subsection (a) of this section:

        (1)    shall be paid in a timely manner; and

        (2)    may not be paid directly or indirectly from contributions or from the Unemployment Insurance Fund.


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