
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 42USC1110]

 
                 TITLE 42--THE PUBLIC HEALTH AND WELFARE
 
                       CHAPTER 7--SOCIAL SECURITY
 
       SUBCHAPTER IX--EMPLOYMENT SECURITY ADMINISTRATIVE FINANCING
 
Sec. 1110. Borrowing between Federal accounts


(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 unemployment 
    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 \1\ paragraph (3) an amount equal to the 
insufficiency determined under paragraph (1) (or, if less, the excess 
determined under paragraph (3)).
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    \1\ So in original. Probably should be ``to in''.
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(b) Treatment of advance

    Any amount transferred under subsection (a) of this section--
        (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 1101(f)(2), 
    1102(b), and 1105(b) of this title.

(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) of this section 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.

(Aug. 14, 1935, ch. 531, title IX, Sec. 910, as added Pub. L. 102-318, 
title V, Sec. 531(c), July 3, 1992, 106 Stat. 316.)
