O.C.G.A.

O.C.G.A. § 34-8-87 (2019)

Borrowing funds from United States Treasury upon depletion of Unemployment Compensation Fund

✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)

Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.

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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.

History

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

Annotations

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