United States Code (Last Updated: May 24, 2014) |
Title 45. RAILROADS |
Chapter 12. TEMPORARY RAILROAD UNEMPLOYMENT INSURANCE PROGRAM |
§ 403. Appropriation to railroad unemployment insurance account; transfer and repayment of funds; interest
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There are authorized to be appropriated to the railroad unemployment insurance account, without fiscal year limitation, such amounts as may be necessary to carry out the provisions of this chapter. The amounts so appropriated shall be transferred from time to time to the railroad unemployment insurance account on the basis of estimates by the Secretary of the Treasury after consultation with the Railroad Retirement Board of the amounts required from time to time to carry out the provisions of this chapter. Amounts so transferred shall be repayable advances without interest.
Amendments
1963—Pub. L. 88–133 repealed provision for repayment of advances by transfers from account to general fund of Treasury when funds of account derived from increase in employers’ contribution rate are adequate for such purpose, which is now covered by section 303(b) of Pub. L. 88–133, set out as a note below.
Effective Date Of Amendment
Pub. L. 88–133, title III, § 303(c),
Miscellaneous
Pub. L. 88–133, title III, § 303(b),