Amendment or repeals; contributions and benefits; suspension of
payment
Sec. 2. (a) If at any time the governor of Indiana shall find that the
tax imposed by 42 U.S.C. 1101 through 1109, as amended, has been
amended or repealed by Congress or has been held unconstitutional
by the Supreme Court of the United States with the result that no
portion of the contributions required by this article may be credited
against such tax, or if this article is declared inoperative by the
supreme court of Indiana, the governor of Indiana shall publicly so
proclaim, and upon the date of such proclamation the provisions of
this article requiring the payment of contributions and benefits shall
be suspended for a period ending not later than the last day of the
next following regular or special session of the general assembly of
the state of Indiana. The board shall thereupon requisition from the
unemployment trust fund all moneys therein standing to its credit and
shall direct the treasurer of state of Indiana to deposit such moneys,
together with any other moneys in the fund, as a special fund in any
banks or public depositories in this state in which general funds of
the state may be deposited.
(b) Unless prior to the expiration of such period, the general
assembly of the state of Indiana has made provision for an
employment security law in this state and has directed that the funds
so deposited shall be used for the payment of benefits in this state,
the provisions of this article shall cease to be operative, and the
board shall, under rules prescribed by it, refund without interest to
each person by whom contributions have been paid its pro rata share
of the total contributions paid under this article.
(Formerly: Acts 1947, c.208, s.3802.) As amended by P.L.144-1986,
SEC.152.
Last modified: May 27, 2006