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42 U.S.C. § 1323 — Repayable advances to Federal unemployment account
Federal law — U.S. Code and appendices · legal_authorities
There are hereby authorized to be appropriated to the Federal unemployment account, as repayable advances, such sums as may be necessary to carry out the purposes of this subchapter. Amounts appropriated as repayable advances shall be repaid by transfers from the Federal unemployment account to the general fund of the Treasury, at such times as the amount in the Federal unemployment account is determined by the Secretary of the Treasury, in consultation with the Secretary of Labor, to be adequate for such purpose. Any amount transferred as a repayment under this section shall be credited against, and shall operate to reduce, any balance of advances repayable under this section. Whenever, after the application of sections 1101(f)(3) and 1102(a) of this title with respect to the excess in the employment security administration account as of the close of any fiscal year, there remains any portion of such excess, so much of such remainder as does not exceed the balance of advances made pursuant to this section shall be transferred to the general fund of the Treasury and shall be credited against, and shall operate to reduce, such balance of advances. Amounts appropriated as repayable advances for purposes of this subsection shall bear interest at a rate equal to the average rate of interest, computed as of the end of the calendar month next preceding the date of such advance, borne by all interest bearing obligations of the United States then forming part of the public debt; except that in cases in which such average rate is not a multiple of one-eighth of 1 percent, the rate of interest shall be the multiple of one-eighth of 1 percent next lower than such average rate.
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Source file: Laws/federal/codes/united-states-code/title-42/section-1323-repayable-advances-to-federal-unemployment-account--0ffbb7089f.md
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Source location: Title 42, Chapter 7, § 1323; chapter-007-social-security.md
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There are hereby authorized to be appropriated to the Federal unemployment account, as repayable advances, such sums as may be necessary to carry out the purposes of this subchapter. Amounts appropriated as repayable advances shall be repaid by transfers from the Federal unemployment account to the general fund of the Treasury, at such times as the amount in the Federal unemployment account is determined by the Secretary of the Treasury, in consultation with the Secretary of Labor, to be adequate for such purpose. Any amount transferred as a repayment under this section shall be credited against, and shall operate to reduce, any balance of advances repayable under this section. Whenever, after the application of sections 1101(f)(3) and 1102(a) of this title with respect to the excess in the employment security administration account as of the close of any fiscal year, there remains any portion of such excess, so much of such remainder as does not exceed the balance of advances made pursuant to this section shall be transferred to the general fund of the Treasury and shall be credited against, and shall operate to reduce, such balance of advances. Amounts appropriated as repayable advances for purposes of this subsection shall bear interest at a rate equal to the average rate of interest, computed as of the end of the calendar month next preceding the date of such advance, borne by all interest bearing obligations of the United States then forming part of the public debt; except that in cases in which such average rate is not a multiple of one-eighth of 1 percent, the rate of interest shall be the multiple of one-eighth of 1 percent next lower than such average rate.
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Federal law — U.S. Code and appendices · legal_authorities
When used in this subchapter, the term “Governor” includes the Mayor of the District of Columbia.
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 1324
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Determination and certification by Secretary of Labor**
(1) If as of the close of any fiscal year after the fiscal year ending June 30, 1972, the amount in the extended unemployment compensation account has reached the limit provided in [section 1105(b)(2) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1105/b/2&num=0&edition=prelim) and the amount in the Federal unemployment account has reached the limit provided in [section 1102(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1102/a&num=0&edition=prelim) and all advances and interest pursuant to [section 1105(d) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1105/d&num=0&edition=prelim) and [section 1323 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1323&num=0&edition=prelim) have been repaid, and there remains in the employment security administration account any amount over the amount provided in [section 1101(f)(3)(A) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1101/f/3/A&num=0&edition=prelim), such excess amount, except as provided in subsection (b), shall be transferred (as of the beginning of the succeeding fiscal year) to the accounts of the States in the Unemployment Trust Fund.
(2) Each State’s share of the funds to be transferred under this subsection as of any October 1—
(A) shall be determined by the Secretary of Labor and certified by such Secretary to the Secretary of the Treasury before such date, and
(B) shall bear the same ratio to the total amount to be so transferred as—
(i) the amount of wages subject to tax under section 3301 of the Internal Revenue Code of
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Repealed. Pub. L. 111–139, title I, § 10(a), Feb. 12, 2010, 124 Stat. 21**
**(b) Student loans** For all student loans under part B or D of title IV of the Higher Education Act of 1965 [[20 U.S.C. 1071](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title20-section1071&num=0&edition=prelim) et seq., 1087a et seq.] made during the period when a sequestration order under [section 904 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title2-section904&num=0&edition=prelim) is in effect as required by section 902 or 903 of this title, origination fees under sections 438(c)(2) and (6) and 455(c) [[20 U.S.C. 1087–1(c)(2)](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title20-section1087–1/c/2&num=0&edition=prelim), (6), 1087e(c)] and loan processing and issuance fees under section 428(f)(1)(A)(ii) of that Act [[20 U.S.C. 1078(f)(1)(A)(ii)](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title20-section1078/f/1/A/ii&num=0&edition=prelim)] shall each be increased by the uniform percentage specified in that sequestration order, and, for student loans originated during the period of the sequestration, special allowance payments under section 438(b) of that Act [[20 U.S.C. 1087–1(b)](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title20-section1087–1/b&num=0&edition=prelim)] accruing during the period of the sequestration shall be reduced by the uniform percentage specified in that sequestration order.
**(c) Repealed. Pub. L. 111–139, title I, § 10(c), Feb. 12, 2010, 124 Stat. 22**
**(d) Special rules for Medicare program**
(1) **Calculation of reduction in payment amounts** — To achieve the total percentage reduction in those programs required by section 902 or 903 of this title, subject
Source: Supplied U.S. Code snapshot — release unconfirmed · 2 U.S.C. § 906
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Married individuals filing joint returns and surviving spouses** There is hereby imposed on the taxable income of—
(1) every married individual (as defined in section 7703) who makes a single return jointly with his spouse under section 6013, and
(2) every surviving spouse (as defined in section 2(a)),
a tax determined in accordance with the following table: If taxable income is:The tax is: Not over $36,90015% of taxable income. Over $36,900 but not over $89,150$5,535, plus 28% of the excess over $36,900. Over $89,150 but not over $140,000$20,165, plus 31% of the excess over $89,150. Over $140,000 but not over $250,000$35,928.50, plus 36% of the excess over $140,000. Over $250,000$75,528.50, plus 39.6% of the excess over $250,000.
**(b) Heads of households** There is hereby imposed on the taxable income of every head of a household (as defined in section 2(b)) a tax determined in accordance with the following table: If taxable income is:The tax is: Not over $29,60015% of taxable income. Over $29,600 but not over $76,400$4,440, plus 28% of the excess over $29,600. Over $76,400 but not over $127,500$17,544, plus 31% of the excess over $76,400. Over $127,500 but not over $250,000$33,385, plus 36% of the excess over $127,500. Over $250,000$77,485, plus 39.6% of the excess over $250,000.
**(c) Unmarried individuals (other than surviving spouses and heads of households)** There is hereby imposed on the taxable income of every individual (other than a surviving spouse as defined in section 2(a) or the head of a household as defined in section 2(b)) who is not a married individual (as defined in section 7703) a tax determined in accordance with the following table: If taxable income is:The tax is: Not over $22,10015% of taxable income. Over $22,100 but not over $53,50
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 1
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Establishment** There is hereby established in the Treasury of the United States a trust fund to be known as the “Unemployment Trust Fund”, hereinafter in this subchapter called the “Fund”. The Secretary of the Treasury is authorized and directed to receive and hold in the Fund all moneys deposited therein by a State agency from a State unemployment fund, or by the Railroad Retirement Board to the credit of the railroad unemployment insurance account or the railroad unemployment insurance administration fund, or otherwise deposited in or credited to the Fund or any account therein. Such deposit may be made directly with the Secretary of the Treasury, with any depositary designated by him for such purpose, or with any Federal Reserve Bank.
**(b) Investments** It shall be the duty of the Secretary of the Treasury to invest such portion of the Fund as is not, in his judgment, required to meet current withdrawals. Such investment may be made only in interest-bearing obligations of the United States or in obligations guaranteed as to both principal and interest by the United States. For such purpose such obligations may be acquired (1) on original issue at the issue price, or (2) by purchase of outstanding obligations at the market price. The purposes for which obligations of the United States may be issued under chapter 31 of title 31 are hereby extended to authorize the issuance at par of special obligations exclusively to the Fund. Such special obligations shall bear interest at a rate equal to the average rate of interest, computed as of the end of the calendar month next preceding the date of such issue, borne by all interest-bearing obligations of the United States then forming part of the public debt; except that where such average rate is not a multiple of one
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 1104
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Federal law — U.S. Code and appendices · legal_authorities
Page 2792
TITLE 42—THE PUBLIC HEALTH AND WELFARE
§ 1323
Subsec. (b)(2)(B). Pub. L. 98–118, § 5(a)(4), substituted
‘‘advances was completed’’ for ‘‘advance was com-
pleted’’.
Subsec. (b)(3)(A). Pub. L. 98–21, § 514, which directed
substitution of ‘‘prior to’’ for ‘‘not later than’’ was exe-
cuted, as the probable intent of Congress, by making
that substitution the first time the phrase appeared
following ‘‘Secretary of Treasury’’ and not the second
time that phrase appeared.
Subsec. (b)(3)(C)(i). Pub. L. 98–21, § 511(c), substituted,
after subcl. II, provision that no interest shall accrue
on such deferred interest for provision that any inter-
est the time for payment of which was deferred under
this subparagraph would bear interest in the same
manner as if it had been an advance made on the day
on which it would have been required to be paid but for
this subparagraph.
Subsec. (b)(7). Pub. L. 98–21, § 511(b), struck out ‘‘, and
before January 1, 1988’’ after ‘‘April 1, 1982’’.
Subsec. (b)(8), (9). Pub. L. 98–21, § 511(a), added pars.
(8) and (9).
1982—Subsec. (b)(3)(C). Pub. L. 97–248 added subpar.
(C).
1981—Subsec. (a). Pub. L. 97–35, § 2407(b)(2), designated
existing provision as subsec. (a).
Subsec. (b). Pub. L. 97–35, § 2407(a), added subsec. (b).
1960—Pub. L. 86–778 amended section generally, desig-
nating provisions constituting subsec. (a) as entire sec-
tion, substituting ‘‘that balance of advances, made to
such State under section 1321 of this title, specified in
the request’’ for ‘‘any remaining balance of advances
made to such State under section 1321 of this title’’ and
inserting ‘‘in reduction of such balance’’ and omitting
subsecs. (b) and (c) pertaining to appropriations and re-
payable advances which were incorporated in secti
Source: Supplied 2024 U.S. Code historical extraction · 42 U.S.C. § 1323
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