H*3842(Rat #0244, Act #0167 of 1991)  General Bill, By Alexander
 A Bill to amend Section 41-33-150, Code of Laws of South Carolina, 1976,
 relating to the requisitioning and use of money in the Unemployment Trust Fund
 for the payment of administration expenses, so as to further provide for
 conditions under which these funds may be used for these purposes.

   04/11/91  House  Introduced and read first time HJ-16
   04/11/91  House  Referred to Committee on Labor, Commerce and
                     Industry HJ-16
   05/15/91  House  Committee report: Favorable Labor, Commerce and
                     Industry HJ-6
   05/22/91  House  Read second time HJ-146
   05/23/91  House  Read third time and sent to Senate HJ-14
   05/27/91  Senate Introduced and read first time SJ-7
   05/27/91  Senate Referred to Committee on Labor, Commerce and
                     Industry SJ-7
   05/29/91  Senate Recalled from Committee on Labor, Commerce and
                     Industry SJ-48
   06/05/91  Senate Read second time SJ-92
   06/05/91  Senate Unanimous consent for third reading on next
                     legislative day SJ-92
   06/06/91  Senate Read third time and enrolled SJ-28
   06/06/91         Ratified R 244
   06/12/91         Signed By Governor
   06/12/91         Effective date 06/12/91
   06/12/91         Act No. 167
   06/27/91         Copies available

AN ACT TO AMEND SECTION 41-33-150, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE REQUISITIONING AND USE OF MONEY IN THE UNEMPLOYMENT TRUST FUND FOR THE PAYMENT OF ADMINISTRATION EXPENSES, SO AS TO FURTHER PROVIDE FOR CONDITIONS UNDER WHICH THESE FUNDS MAY BE USED FOR THESE PURPOSES.

Be it enacted by the General Assembly of the State of South Carolina:

Conditions under which funds may be used for certain purposes

SECTION 1. Section 41-33-150 of the 1976 Code is amended to read:

"Section 41-33-150. Money credited to the account of this State in the unemployment trust fund by the Secretary of the Treasury of the United States pursuant to Section 903 of the Social Security Act, as amended, may be requisitioned and used for the payment of expenses incurred for the administration of Chapters 27 through 41 of this title pursuant to a specific appropriation by the General Assembly, provided that the expenses are incurred and the money is requisitioned after the enactment of an appropriation law which:

(1) specifies the purposes for which the money is appropriated and the amounts appropriated therefor;

(2) limits the period within which the money may be obligated to a period ending not more than two years after the date of the enactment of the appropriation law;

(3) limits the amount which may be obligated during any twelve-month period beginning on July first and ending on the next June thirtieth to an amount which does not exceed the amount by which (a) the aggregate of the amounts credited to the account of this State pursuant to Section 903 of the Social Security Act, as amended, during the same twelve-month period and the twenty-fourth preceding twelve-month periods, exceeds (b) the aggregate of the amounts obligated for administration and paid out for benefits and charged against the amounts credited to the account of this State during the twenty-five twelve-month periods; and

(4) an appropriation pursuant to this section also shall incorporate those requirements specified in Section 903(c) of the Social Security Act, as amended, as a condition of payment of expenses of administration."

Time effective

SECTION 2. This act takes effect upon approval by the Governor.

Approved the 12th day of June, 1991.