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19-5-1131. Division of Workforce Services Training Trust Fund.
Arkansas Code — all titles (historical 2020) · legal_authorities
19-5-1131. Division of Workforce Services Training Trust Fund.
(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a trust fund to be known as the “Division of Workforce Services Training Trust Fund”.
(b)(1) The fund shall consist of the proceeds of the stabilization tax specified in § 11-10-706(f), any interest accruing on these revenues, and any other funds made available by the General Assembly.
(2) The fund shall be used for worker training under rules promulgated by the Director of the Division of Workforce Services.
(c) The director shall report to the Legislative Council on a quarterly basis on all uses of the fund.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 19-5-1131
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.
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Record provenance
Stable record: arkansas_code:legal_authorities:19-5-1131
Source file: gov.ar.code.title.19.odt
Pages: Not recorded – Not recorded
Passage SHA-256: c882571a2251b712c858c0e064ffe10700e6c9c994731394f48e0b0cc963b804
Source location: content.xml paragraph 8894
Stored source content
19-5-1131. Division of Workforce Services Training Trust Fund.
(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a trust fund to be known as the “Division of Workforce Services Training Trust Fund”.
(b)(1) The fund shall consist of the proceeds of the stabilization tax specified in § 11-10-706(f), any interest accruing on these revenues, and any other funds made available by the General Assembly.
(2) The fund shall be used for worker training under rules promulgated by the Director of the Division of Workforce Services.
(c) The director shall report to the Legislative Council on a quarterly basis on all uses of the fund.
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Arkansas Code — all titles (historical 2020) · legal_authorities
11-10-706. Future rates — Stabilization tax.
(a)(1) Each employer shall be required to pay a stabilization tax on wages paid by the employer with respect to employment.
(2) This stabilization tax shall not be credited to the separate account of each employer.
(b) The stabilization tax shall be determined as follows:
(1) If the assets of the Unemployment Compensation Fund on the computation date are equal to or greater than two percent (2%) but less than two and one-half percent (2.5%) of total payrolls for employment during the preceding calendar year, the stabilization tax shall be one-tenth of one percent (0.1%);
(2) If the assets of the Unemployment Compensation Fund on the computation date are greater than one and one-half percent (1.5%) but less than two percent (2%) of total payrolls for employment during the preceding calendar year, the stabilization tax shall be two-tenths of one percent (0.2%);
(3) If the assets of the Unemployment Compensation Fund on the computation date are greater than one percent (1%) but less than one and one-half percent (1.5%) of total payrolls for employment during the preceding calendar year, the stabilization tax shall be three-tenths of one percent (0.3%);
(4) If the assets of the Unemployment Compensation Fund on the computation date are greater than one-half of one percent (0.5%) but less than one percent (1%) of total payrolls for employment during the preceding calendar year, the stabilization tax shall be four-tenths of one percent (0.4%);
(5) If the assets of the Unemployment Compensation Fund on the computation date are less than one-half of one percent (0.5%) of total payrolls for employment during the preceding calendar year, the stabilization tax shall be seven-tenths of one percent (0.7%); and
(6) If the
Source: Arkansas Code — historical release 78 (November 6, 2020) · 11-10-706
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. The source passage cites 11-10-706. This identifies an authority to review, not proof of applicability.