Official Code of Georgia Annotated

Title 34. LABOR AND INDUSTRIAL RELATIONS · Chapter 8. EMPLOYMENT SECURITY · Article 3. ADMINISTRATION

34-8-87. Borrowing funds from United States Treasury upon depletion of Unemployment Compensation Fund.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

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.

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

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

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t34-(v26)-2017-pdf.pdf, Volume V26, 2017 edition, page 204; merge action: carried; file SHA-256 8ee6134ad6cf.