11-10-1002. Legislative findings and intent.

Arkansas Code — all titles (historical 2020) · legal_authorities

11-10-1002. Legislative findings and intent.

11-10-1002. Legislative findings and intent. The General Assembly finds that: (1) With a recession or economic slowdown now underway, the state's unemployment trust fund faces higher claims levels and longer benefit durations that accompany any economic downturn; (2) The Arkansas Unemployment Trust Fund: (A) Provides partial wage replacement to workers who find themselves out of work; (B) Provides economic stability for a community when major unemployment occurs; and (C) Encourages workers to remain in the community and to be available for work recalls by employers; (3) The state is in debt to the federal government for unemployment funds paid to citizens of the State of Arkansas; and (4) The bonds should be payable from revenues raised by an unemployment obligation assessment.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 11-10-1002

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.