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2022 Maryland Statutes
Labor and Employment
Title 8 - Unemployment Insurance
Subtitle 4 - Funds
Part I - Unemployment Insurance Fund
Section 8-407 - Federal Advances
Universal Citation:
MD Labor and Employment Code § 8-407 (2022)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
(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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