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Senate Bill S4954

2013-2014 Legislative Session

Relates to expenditures from the unemployment trust fund

download bill text pdf

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Archive: Last Bill Status - In Senate Committee Labor Committee

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2013-S4954 (ACTIVE) - Details

See Assembly Version of this Bill:
A7152
Current Committee:
Senate Labor
Law Section:
Labor Law
Laws Affected:
Amd §550, Lab L

2013-S4954 (ACTIVE) - Summary

Relates to expenditures from the unemployment trust fund.

2013-S4954 (ACTIVE) - Sponsor Memo

2013-S4954 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  4954

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                               May 1, 2013
                               ___________

Introduced  by Sen. SAVINO -- (at request of the Department of Labor) --
  read twice and ordered printed, and when printed to  be  committed  to
  the Committee on Labor

AN  ACT  to  amend  the  labor law, in relation to expenditures from the
  unemployment trust fund

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Subdivision 3 of section 550 of the labor law, as amended
by chapter 888 of the laws of 1956, is amended to read as follows:
  3. Fund sole source of benefits. The fund  shall  be  administered  in
trust  and  shall be used solely to pay benefits, [except that] PROVIDED
HOWEVER THAT FUNDS MAY BE USED TO PAY  FOR  ANY  PROGRAM  AUTHORIZED  BY
FEDERAL  LAW  OR  RULE  AND subject to the limitations therein contained
moneys credited to this fund pursuant to section nine hundred  three  of
the  federal  social security act may upon an appropriation duly made by
the legislature be used  for  the  administration  of  the  unemployment
insurance  law  and shall for such purpose and to the extent required be
transferred to the administration fund established under  this  article.
All  payments  shall  be  made  upon  vouchers  drawn on the fund by the
commissioner in accordance with procedures established by him. The  fund
shall be the sole and exclusive source for the payment of benefits which
shall be due and payable only to the extent that contributions and other
payments  to  the  fund  with increments thereon, actually collected and
credited to the fund and not otherwise appropriated  or  allocated,  are
available therefor.
  S 2. This act shall take effect immediately.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09007-01-3

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