Page:United States Statutes at Large Volume 68 Part 1.djvu/701

 68 S T A T. ]

669

PUBLIC LAW 567-AUG. 5, 1954

"TITLE IX—MISCELLANEOUS PROVISIONS TO EMPLOYMENT SECURITY

RELATING

"APPROPRIATIONS Unem p 1 o "SEC. 901. (a)(1) There are hereby appropriated to the Unemploy- Trust Fund. ym e nt ment Trust Fund, out of any moneys in the Treasury not otherwise appropriated, for the fiscal year ending June 30, 1954, and for each fiscal year thereafter, an amount equal to the amount by which— " (A) 100 per centum of the tax (including interest, penalties, and additions to the tax) received during the fiscal year under 53 the Federal Unemployment Tax Act and covered into the 1396. S t a t 1 8 3, 26 USC 1611 Treasury; exceeds " (B) the sum of (i) the employment security administrative expenditures for such year, (ii) the refunds of such tax (including interest on such refunds) made during such fiscal year, and (iii) the amounts appropriated by section 1202(b) for such fiscal year. "(2) The amount appropriated by paragraph (1) for any fiscal year shall be transferred from the general fund in the Treasury to the Unemployment Trust Fund at the close of such fiscal year. Each such transfer shall be based on estimates made by the Secretary of the Treasury as of the close of such fiscal year, but proper adjustment shall be made in the amount transferred at the close of the succeeding fiscal year to the extent that such estimates prove to be erroneous. The Secretary of the Treasury shall make his estimate of those employment security administrative expenditures for any fiscal year which are described in subsection (b)(1) only after consultation with the Secretary of Labor. "Emp1o y m e nt "(b) For the purposes of subsection (a), the term 'employment security adminissecurity administrative expenditures' means, in the case of any fiscal t r a t i v e expenditures." year, the sum of— "(1) the aggregate of the amounts expended during the fiscal year for the purpose of assisting the States in (A) the administration of their unemployment compensation laws (including administration pursuant to agreements under title IV of the Veterans' Readjustment Assistance Act of 1952), (B) the establishment and 66 Stat. 684. maintenance of systems of public employment offices in accordance 38 USC 991-999. 113. with the Act of June 6, 1933, as amended (29 U.S.C. sec. 49-49n), 48 Stat. 338. 39 USC and (C) carrying into effect section 602 of the Servicemen's Read58 Stat. 294. justment Act of 1944, as amended; and 38 USC 695b. "(2) the amount estimated by the Secretary of Labor as equal to the necessary expenses incurred during the fiscal year for the performance by the Department of Labor of its functions (except its functions with respect to Puerto Rico and the Virgin Islands) under (i) this title and titles III and X II of this Act, (ii) the Federal Unemployment Tax Act, (iii) the provisions of the Act of June 6, 1933, as amended, (iv) title IV (except section 602) of the Servicemen's Readjustment Act of 1944, as amended, and (v) title IV of the Veterans' Readjustment Act of 1962; and "(3) the amount estimated by the Secretary of the Treasury as equal to the necessary expenses incurred during the fiscal year for the performance by the Department of the Treasury of its functions under this title and titles III and X II of this Act and under the Federal Unemployment Tax Act. " A M O U N T S C R E D I T E D TO FEDERAL UNEMPLOYMENT ACCOUNT

"SEC, 902. Whenever any amount is transferred to the Unemployment Trust Fund under section 901(a), there shall be credited (as

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