2013 Maryland Code
LABOR AND EMPLOYMENT
§ 8-407 - Federal advances


MD Lab & Emp Code § 8-407 (2013) What's This?

§8-407.

(a) In accordance with and to obtain the advantages under Title XII of the Social Security Act the Secretary:

(1) may apply for an advance to the Unemployment Insurance Fund; and

(2) has responsibility for repayment of the advance.

(b) Interest required to be paid on an advance under subsection (a) of this section:

(1) shall be paid in a timely manner; and

(2) may not be paid directly or indirectly from contributions or from the Unemployment Insurance Fund.

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