
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: 45USC403]

 
                           TITLE 45--RAILROADS
 
      CHAPTER 12--TEMPORARY RAILROAD UNEMPLOYMENT INSURANCE PROGRAM
 
Sec. 403. Appropriation to railroad unemployment insurance 
        account; transfer and repayment of funds; interest
        
    There are authorized to be appropriated to the railroad unemployment 
insurance account, without fiscal year limitation, such amounts as may 
be necessary to carry out the provisions of this chapter. The amounts so 
appropriated shall be transferred from time to time to the railroad 
unemployment insurance account on the basis of estimates by the 
Secretary of the Treasury after consultation with the Railroad 
Retirement Board of the amounts required from time to time to carry out 
the provisions of this chapter. Amounts so transferred shall be 
repayable advances without interest.

(Pub. L. 87-7, Sec. 4, Mar. 24, 1961, 75 Stat. 17; Pub. L. 88-133, title 
III, Sec. 303(c), Oct. 5, 1963, 77 Stat. 222.)


                               Amendments

    1963--Pub. L. 88-133 repealed provision for repayment of advances by 
transfers from account to general fund of Treasury when funds of account 
derived from increase in employers' contribution rate are adequate for 
such purpose, which is now covered by section 303(b) of Pub. L. 88-133, 
set out as a note below.


                    Effective Date of 1963 Amendment

    Section 303(c) of Pub. L. 88-133 provided that the amendment made by 
such section 303(c) is effective with respect to contributions collected 
on compensation paid after Dec. 31, 1963.


  Repayment by Account of Advances From General Fund of Treasury From 
  Contributions Collected on Compensation Paid After December 31, 1963

    Section 303(b) of Pub. L. 88-133 provided that: ``Effective with 
respect to contributions collected by the Railroad Retirement Board 
pursuant to section 8(f) of the Railroad Unemployment Insurance Act 
[section 358(f) of this title] on compensation paid after December 31, 
1963, that part of such contributions equal to one-fourth of 1 per 
centum of the compensation on which such contributions are based shall, 
notwithstanding the provisions of section 10(b) of such Act [section 
360(b) of this title], be applied by the Board exclusively for transfers 
from the railroad unemployment insurance account to the general fund of 
the Treasury until the full amount advanced from the general fund of the 
Treasury to the railroad unemployment insurance account pursuant to 
section 4 of the Temporary Extended Railroad Unemployment Insurance 
Benefits Act of 1961 [this section] has been repaid.''
