Page:United States Statutes at Large Volume 101 Part 2.djvu/1121

 PUBLIC LAW 100-203—DEC. 22, 1987

101 STAT. 1330-327

(2) by adding the following new sentence at the end: "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.". (b) FEDERAL UNEMPLOYMENT ACCOUNT.—Section 1203 of such Act (42 U.S.C. 1323) is amended— (1) by striking out "(without interest)" and ", without interest,"; and (2) by adding the following new sentence at the end: "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.". (c) CONFORMING AMENDMENT.—Section 903(a)(1) of such Act (42 U.S.C. 1103(a)(1)) is amended by inserting "and interest" after "all advances". (d) EFFECTIVE DATE.—The amendments made by this section shall 42 USC 1103 apply to advances made on or after the date of the enactment of this "ot^. Act. SEC. 9156. CREDITING TO THE FEDERAL UNEMPLOYMENT ACCOUNT OF INTEREST EARNED ON ADVANCES TO THE STATES.

(a) IN GENERAL.—Section 1202 of the Social Security Act is 42 USC 1322. amended by adding at the end the following new subsection: "(c) Interest paid by States in accordance with this section shall be credited to the Federal unemployment account established by section 904(g) in the Unemployment Trust Fund.". Ob) EFFECTIVE DATE.—The amendment made by subsection (a) 42 USC 1322 shall apply to interest paid on advances made on or after the date of ^°^^the enactment of this Act.

Subtitle C—Manufacturers Excise Tax on Certain Vaccines SEC. 9201. MANUFACTURERS EXCISE TAX ON CERTAIN VACCINES.

(a) IN GENERAL.—Chapter 32 of the Internal Revenue Code of 1986 (relating to manufacturers excise taxes) is amended by inserting after subchapter B the following new subchapter: "Subchapter C—Certain Vaccines "Sec. 4131. Imposition of tax. "Sec. 4132. Definitions and special rules.

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