§ 60.2-117. Use of collections in financing administrative expenditures
If § 303 (a) (5) of Title III of the Social Security Act (42 U.S.C. § 503 (a) (5)) and § 3304 (a) (4) of the Internal Revenue Code (26 U.S.C.) are amended to permit a state agency to use, in partial or complete substitution for grants under such Title III, for financing administrative expenditures incurred in carrying out its employment security functions, some part of the moneys collected or to be collected under the state unemployment compensation law, this title shall, by Commission proclamation and rules to be issued with the Governor's approval, be modified in the manner and to the extent and within the limits necessary to permit such use by the Commission under this title. Such modifications shall become effective on the same date as such use becomes permissible under such federal amendments.
(Code 1950, § 60-64; 1956, c. 440; 1968, c. 738, § 60.1-76; 1986, c. 480.)
Sections: Previous 60.2-111 60.2-112 60.2-113 60.2-114 60.2-114.01 60.2-114.1 60.2-115 60.2-116 60.2-117 60.2-118 60.2-119 60.2-120 60.2-121 60.2-122 60.2-123 NextLast modified: April 3, 2009