Page:United States Statutes at Large Volume 96 Part 1.djvu/600

 96 STAT. 558

26 USC 3304 "°t^42 USC 1322 ^°^-

42 USC 1105.

PUBLIC LAW 97-248—SEPT. 3, 1982 "(C)(i) In the case of any State which meets the requirements of clause (ii) for any calendar year, any interest otherwise required to be paid under this subsection during such calendar year shall be paid as follows— "(I) 25 percent of the amount otherwise required to be paid on or before any day during such calendar year shall be paid on or before such day; and "(II) 25 percent of the amount otherwise required to be paid on or before such day shall be paid on or before the corresponding day in each of the 3 succeeding calendar years. Any interest the time for payment of which is deferred under this subparagraph shall bear interest in the same manner as if it were an advance made on the day on which it would have been required to be paid but for this subparagraph. "(ii) A State meets the requirements of this clause for any calendar year if the rate of insured unemployment (as determined for purposes of section 203 of the Federal-State Extended Unemployment Compensation Act of 1970) under the State law of the period consisting of the first 6 months of the preceding calendar year equaled or exceeded 7.5 percent." (b) EFFECTIVE DATE.—The amendment made by subsection (a) shall apply to interest required to be paid after December 31, 1982. SEC. 275. REQUIRED REPAYMENTS FROM EXTENDED UNEMPLOYMENT COMPENSATION ACCOUNT. Subsection (d) of section 905 of the Social Security Act is amended by inserting after the second sentence the following new sentence: "Repayments under the preceding sentence shall be made whenever the Secretary of the Treasury (after consultation with the Secretary of Labor) determines that the amount then in the account exceeds the amount necessary to meet the anticipated payments from the account during the next 3 months." SEC. 276. TREATMENT OF CERTAIN SERVICES PERFORMED BY STUDENTS. (a) STUDENT INTERNS.—

26 USC 3306. 26 USC 3306 note.

(1) IN GENERAL.—Subparagraph (C) of section 3306(c)(10) (defining employment) is amended by striking out "under the age of 22". (2) EFFECTIVE DATE.—The amendment made by paragraph (1) shall apply with respect to services performed after the date of the enactment of this Act. (b) FULL TIME STUDENTS EMPLOYED BY SUMMER CAMPS.— (1) SERVICE BY FULL TIME STUDENTS.—Subsection (c) of section

26 USC 3306.

3306 (defining employment) is amended— (A) by striking out "or" at the end of paragraph (18), (B) by striking out the period at the end of paragraph (19) and inserting in lieu thereof "; or", and (C) by adding at the end thereof the following new paragraph: "(20) service performed by a full time student (as defined in subsection (q)) in the employ of an organized camp— "(A) if such camp— "(i) did not operate for more than 7 months in the calendar year and did not operate for more than 7 months in the preceding calendar year, or "(ii) had average gross receipts for any 6 months in the preceding calendar year which were not more than

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