2011 Arizona Revised Statutes
Title 23 Labor
23-730.01 Special assessment; unemployment special assessment fund

23-730.01. Special assessment; unemployment special assessment fund

(Rpld. 1/1/13)

A. Each employer shall pay a special assessment in each of calendar years 2011 and 2012 at a rate determined by the director of the department. If the amount of an employer's assessment in any one quarter is less than ten dollars, the assessment shall be waived for that quarter.

B. The special assessment shall be reported in accordance with sections 23-722 and 23-723 and collected in accordance with sections 23-736, 23-737, 23-737.01, 23-737.02, 23-738, 23-738.01, 23-739, 23-740, 23-741, 23-742, 23-743, 23-744, 23-745, 23-746, 23-746.01, 23-747, 23-748, 23-749, 23-752, 23-753, 23-754, 23-755, 23-756 and 23-757, except that the assessment for taxable wages paid for the first three calendar quarters of tax year 2011 is payable with the employer's quarterly state unemployment insurance contributions on or before October 31, 2011. The assessment for all other calendar quarters in tax years 2011 and 2012 is payable with the employer's quarterly state unemployment insurance contributions.

C. The unemployment special assessment fund is established and consists of the monies collected pursuant to this section. The fund shall be kept separate from all other monies of this state. The department shall administer the fund. Monies in the fund are continuously appropriated for the purposes prescribed in this section.

D. Notwithstanding any other law, if this state has an outstanding loan to pay unemployment insurance benefits to eligible claimants, fund monies shall be used to pay the costs of the loan in the following manner:

1. Fund monies shall first be used to pay interest charges incurred on the loan. If this state is granted a waiver of interest charges in either 2011 or 2012, the amount of the assessment shall be reduced by one-tenth of one per cent in each calendar year in which the interest charge is waived.

2. Fund monies shall then be used to retire the loan principal on or before November 10, 2012.

E. If the department determines that the fund monies will not be sufficient to pay the interest charges and retire the principal on or before November 10, 2012, the department may increase the assessment for 2012 at a rate determined by the director of the department.

F. Any monies remaining in the fund after payment of all principal and interest on the loan, including delinquent amounts collected after this payment, shall be transferred to the unemployment compensation fund established by section 23-701.