Common use of The Unemployment Trust Fund Clause in Contracts

The Unemployment Trust Fund. 8.3.1 The State shall use the following method to calculate State interest liabilities on funds withdrawn from the several accounts in the Unemployment Trust Fund: The State's interest liability on funds withdrawn from the State Account in the Unemployment Trust Fund shall consist of actual interest earnings attributable to such funds while held in a State account, less banking costs associated with such funds. This interest shall be deposited in the State's account in the Unemployment Trust Fund. For funds withdrawn from the Federal Benefit Accounts in the Unemployment Trust Fund, the State's interest liability shall be based on the average daily balance of such funds, multiplied by the 13-week Treasury Bill Rate specified in 31 CFR Part 205.

The Unemployment Trust Fund. 8.3.1 The State shall use the following method to calculate State interest liabilities on funds withdrawn from the several accounts in the Unemployment Trust Fund: The State's interest liability on funds withdrawn from the State Account in the Unemployment Trust Fund shall consist of actual interest earnings attributable to such funds while held in a State account, less banking costs associated with such funds. This interest shall be deposited in the State's account in the Unemployment Trust Fund. For funds withdrawn from the Federal Benefit Accounts in the Unemployment Trust Fund, the State's interest liability shall be based on the average daily balance of such funds, multiplied by the 13-13- week Treasury Bill Rate specified in 31 CFR Part 205.

The Unemployment Trust Fund. 8.3.1 The State shall use the following method to calculate State interest liabilities on funds withdrawn from the several accounts in the Unemployment Trust Fund: The State's interest liability on funds withdrawn from the State Account in the Unemployment Trust Fund shall consist of actual interest earnings attributable to such funds while held in a State account, less banking costs associated with such funds. This interest shall be deposited in the State's account in the Unemployment Trust Fund. For funds withdrawn from the Federal Benefit Accounts in the Unemployment Trust Fund, the State's interest liability shall be based on the average daily balance of such funds, multiplied by the 13-13- week Treasury Bill Xxxx Rate specified in 31 CFR Part 205.