Page:United States Statutes at Large Volume 106 Part 1.djvu/348

 106 STAT. 316 PUBLIC LAW 102-318—JULY 3, 1992 the emplo3ment security administration account to the extended v>>;•' unemplo3ment compensation account established by subsection (a), an amount determined by him to be equal to the sum of— "(A) 100 percent of the transfers to the employment security administration account pursuant to section 901(b)(2) during such month on account of liabilities referred to in section 901(b)(l)(B), plus "(B) 20 percent of the excess of the transfers to such account pursuant to section 901(b)(2) during such month on account of amounts referred to in section 901(b)(l)(A) over the payments during such month from the employment security administration account pursuant to section 901(b)(3) and (d). If for any such month the payments referred to in subparagraph (B) exceed the transfers referred to in subparagraph (B), proper adjustments shall be made in the amounts subsequently transferred." (2) INCREASE IN CEILING. —Subparagraph (B) of section 42 USC 1105. 905(b)(2) of such Act is amended by striking "three-eighths of 1 percent" and inserting "0.5 percent". (b) REDUCTION OF CEILING ON FEDERAL UNEMPLOYMENT 42 USC 1102. ACCOUNT. — Paragraph (2) of section 902(a) of such Act is amended by striking "five-eighths of 1 percent" and inserting "0.25 percent". (c) BORROWING BETWEEN FEDEICAL ACCOUNTS.— Title IX of such Act is amended by adding at the end the following new section: "BORROWING BETWEEN FEDERAL ACCOUNTS 42 USC 1110. «SEC. 910. (a) IN GENERAL.— Whenever the Secretary of the Treasury (after consultation with the Secretary of Labor) determines that— "(1) the amount in the employment security administration account, Federal unemployment account, or extended unemploy- ment compensation account, is insufficient to meet the anticipated payments from the account, "(2) such insufficiency may cause such account to borrow from the general fund of the Treasury, and "(3) the amount in any other such account exceeds the amount necessary to meet the anticipated payments from such other account, the Secretary shall transfer to the account referred to in paragraph (1) from the account referred to paragraph (3) an amount equal to the insufficiency determined under paragraph (1) (or, if less, the excess determined under paragraph (3)). "(b) TREATMENT OF ADVANCE. —Any amount transferred under subsection (a)— "(1) shall be treated as a noninterest-bearing repayable advance, and "(2) shall not be considered in computing the amount in any account for purposes of the application of sections 901(f)(2), 902(b), and 905(b). "(c) REPAYMENT. — Whenever the Secretary of the Treasury (after consultation with the Secretary of Labor) determines that the amount in the account to which an advance is made under subsection (a) exceeds the amount necessary to meet the anticipated payments from the account, the Secretary shall transfer from the account to the account from which the advance was made an amount equal to the lesser of the amount so advanced or such excess." (d) REPEAL OF EXPIRED PROVISIONS. — . ...

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