Notwithstanding any provisions in § 11-10-713, any nonprofit organization, state hospital, state institution of higher education, or group of such employers that, prior to January 1, 1969, paid contributions required by § 11-10-701, and, pursuant to § 11-10-713, elected by March 5, 1971, to make payments in lieu of contributions, shall not be required to make any payment on account of any regular or extended benefits paid, on the basis of wages paid by such nonprofit organization, state hospital, state institution of higher education, or group of such employers to individuals for weeks of unemployment that begin on or after the effective date of the election until the total amount of the benefits equals the amount of the positive balance in the experience rating account of the nonprofit organization, state hospital, state institution of higher education, or group of such employers.
Section: Previous 11-10-707 11-10-708 11-10-709 11-10-710 11-10-711 11-10-712 11-10-713 11-10-714 11-10-715 11-10-716 11-10-717 11-10-718 11-10-719 11-10-720 11-10-721 NextLast modified: November 15, 2016