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O.C.G.A. § 34-8-87 — Borrowing funds from United States Treasury upon depletion of Unemployment Compensation Fund | Georgia Code

O.C.G.A. § 34-8-87 (2018) Copy Cite Official Site Syfertize CourtListener Scholar Amendments

TITLE 34 LABOR AND INDUSTRIAL RELATIONS

Section 8. Employment Security, 34-8-1 through 34-8-280.

ARTICLE 3 ADMINISTRATION

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.

(Code 1981, §34-8-87, enacted by Ga. L. 1991, p. 139, § 1.)

RESEARCH REFERENCES

C.J.S.

- 81 C.J.S., Social Security and Public Welfare, § 364.

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This Georgia Code resource is curated by a Florida and Georgia attorney, a personal injury and workers' compensation attorney admitted in Georgia (State Bar of Georgia No. 881027, since 2006) and Florida. Attorney Syfert regularly works with Title 34 in the context of Georgia workers' compensation and represents clients throughout Northeast Florida and South Georgia. For legal consultation, call 904-383-7448.