S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2911
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 1, 2023
                                ___________
 
 Introduced by M. of A. RA, J. A. GIGLIO -- read once and referred to the
   Committee on Labor
 
 AN  ACT  to amend the labor law, in relation 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
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 550 of the labor law is amended  by  adding  a  new
 subdivision 5 to read as follows:
   5.  (A)  THE  DEPARTMENT  SHALL  COLLECT  THE FOLLOWING DATA REGARDING
 REQUESTS FROM THE GOVERNOR OR HIS OR HER AUTHORIZED  AGENT  FOR  FEDERAL
 TITLE  XII  ADVANCES FOR THE STATE UNEMPLOYMENT TRUST FUND, AS PERMITTED
 BY SECTION 1201 OF THE FEDERAL SOCIAL SECURITY ACT, AND COMPILE A REPORT
 THAT INCLUDES THE FOLLOWING:
   (I) THE TOTAL DOLLAR AMOUNT REQUESTED BY THE GOVERNOR OR  HIS  OR  HER
 AUTHORIZED AGENT FOR FEDERAL TITLE XII ADVANCES PURSUANT TO SECTION 1201
 (A)(1)(A) OF THE FEDERAL SOCIAL SECURITY ACT;
   (II) THE ADVANCE REQUESTED FOR EACH INDIVIDUAL MONTH OF THE THREE-CON-
 SECUTIVE-MONTH  LOAN PERIOD AS REQUIRED BY SECTION 1201 (A)(1)(A) OF THE
 FEDERAL SOCIAL SECURITY ACT;
   (III) THE CURRENT INTEREST RATE APPLIED TO ANY STATE ADVANCE  RECEIVED
 BY  THE GOVERNOR OR HIS OR HER AUTHORIZED AGENT AS DEFINED BY THE UNITED
 STATES GOVERNMENT OR ITS AGENT;
   (IV) A DESCRIPTIVE LIST OF THE REASON OR REASONS THE GOVERNOR  OR  HIS
 OR HER AUTHORIZED AGENT REQUESTED SUCH STATE ADVANCE;
   (V)  ANY SUPPLEMENTAL OR AMENDED REQUESTS FOR ADVANCES IN ANY MONTH IN
 WHICH IT IS DETERMINED THAT THE PREVIOUSLY APPROVED AMOUNT  IS  INSUFFI-
 CIENT TO MEET BENEFIT PAYMENT OBLIGATIONS;
   (VI)  THE  ANTICIPATED REPAYMENT DATE OF ANY STATE ADVANCE RECEIVED BY
 THE GOVERNOR OR HIS OR HER AUTHORIZED AGENT;
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD00588-01-3
              

 A. 2911                             2
 
   (VII) A DESCRIPTIVE LIST OF THE IMPACT ON EMPLOYERS THAT  THE  STATE'S
 FAILURE  TO  REPAY  SUCH  LOAN WOULD HAVE ACCORDING TO FEDERAL TITLE XII
 ADVANCES IN RELATION TO THE REDUCTION OF THEIR FEDERAL UNEMPLOYMENT  TAX
 ACT (FUTA) TAX; AND
   (VIII)  ANY  OTHER  INFORMATION THE COMMISSIONER MAY DEEM NECESSARY TO
 INCLUDE IN SUCH REPORT.
   (B) THE DEPARTMENT SHALL SUBMIT  SUCH  REPORT  TO  THE  GOVERNOR,  THE
 SPEAKER  OF  THE  ASSEMBLY,  THE  TEMPORARY PRESIDENT OF THE SENATE, THE
 ASSEMBLY MINORITY LEADER, THE SENATE MINORITY LEADER, THE CHAIRPERSON OF
 THE ASSEMBLY WAYS AND MEANS COMMITTEE AND THE CHAIRPERSON OF THE  SENATE
 FINANCE COMMITTEE NO LATER THAN THIRTY DAYS AFTER THE GOVERNOR OR HIS OR
 HER  AUTHORIZED  AGENT SUBMITS A REQUEST FOR A FEDERAL TITLE XII ADVANCE
 FROM THE UNITED STATES SECRETARY OF LABOR, AND SHALL CONTINUE TO  REPORT
 THE   INFORMATION  REQUIRED  BY  THIS  SUBDIVISION  ANNUALLY  UNTIL  THE
 OUTSTANDING FEDERAL TITLE XII ADVANCE IS REPAID IN FULL.
   § 2. This act shall take effect immediately.