State Codes and Statutes

Statutes > Georgia > Title-34 > Chapter-8 > Article-3 > 34-8-87

O.C.G.A. 34-8-87 (2010)
34-8-87. Borrowing funds from United States Treasury upon depletion of Unemployment Compensation Fund

The Commissioner is authorized to borrow funds from the United States Treasury in accordance with standards and regulations promulgated by the United States Department of Labor and pursuant to laws of the United States. Such authority is granted only to be used if and when the Unemployment Compensation Fund should be depleted; and all funds so borrowed shall be used only for the purpose of paying benefits to those persons eligible to receive such benefits.

State Codes and Statutes

Statutes > Georgia > Title-34 > Chapter-8 > Article-3 > 34-8-87

O.C.G.A. 34-8-87 (2010)
34-8-87. Borrowing funds from United States Treasury upon depletion of Unemployment Compensation Fund

The Commissioner is authorized to borrow funds from the United States Treasury in accordance with standards and regulations promulgated by the United States Department of Labor and pursuant to laws of the United States. Such authority is granted only to be used if and when the Unemployment Compensation Fund should be depleted; and all funds so borrowed shall be used only for the purpose of paying benefits to those persons eligible to receive such benefits.