The General Assembly finds that:
(1) With a recession or economic slowdown now underway, the state's unemployment trust fund faces higher claims levels and longer benefit durations that accompany any economic downturn;
(2) The Arkansas Unemployment Trust Fund:
(A) Provides partial wage replacement to workers who find themselves out of work;
(B) Provides economic stability for a community when major unemployment occurs; and
(C) Encourages workers to remain in the community and to be available for work recalls by employers;
(3) The state is in debt to the federal government for unemployment funds paid to citizens of the State of Arkansas; and
(4) The bonds should be payable from revenues raised by an unemployment obligation assessment.
Section: 11-10-1002 11-10-1003 11-10-1004 11-10-1005 11-10-1006 11-10-1007 11-10-1008 11-10-1009 11-10-1010 11-10-1011 11-10-1012 11-10-1013 11-10-1014 11-10-1015 NextLast modified: November 15, 2016