42 U.S.C. § 1322
Repayment by State; certification; transfer; interest on loan; credit of interest on loan
United States · Title 42 — THE PUBLIC HEALTH AND WELFARE · Status: effective
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- Citation
- 42 U.S.C. § 1322, Repayment by State; certification; transfer; interest on loan; credit of interest on loan, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/477186
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Full text
The Governor of any State may at any time request that funds be transferred from the account of such State to the Federal unemployment account in repayment of part or all of that balance of advances, made to such State under section 1321 of this title, specified in the request. The Secretary of Labor shall certify to the Secretary of the Treasury the amount and balance specified in the request; and the Secretary of the Treasury shall promptly transfer such amount in reduction of such balance.
No interest shall be required to be paid under paragraph (1) with respect to any advance or advances made during any calendar year if—
In the case of any State which meets the requirements of clause (ii) for any calendar year, any interest otherwise required to be paid under this subsection during such calendar year shall be paid as follows—
The interest rate determined under this paragraph with respect to any calendar year is a percentage (but not in excess of 10 percent) determined by dividing—
To meet the criteria of this subparagraph a State must—
With respect to the period beginning on March 18, 2020, and ending on September 6, 2021—
Interest paid by States in accordance with this section shall be credited to the Federal unemployment account established by section 1104(g) of this title in the Unemployment Trust Fund.
Legislative history
The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone. The law that originally enacted this section predates the public laws loaded here, so only later amendments are listed.
- Omnibus Budget Reconciliation Act of 1981House: no recorded tallySenate: no recorded tally
- Tax Equity and Fiscal Responsibility Act of 1982House: no recorded tallySenate: no recorded tally
- Social Security Amendments of 1983House: no recorded tallySenate: no recorded tally
- A bill to extend the Federal Supplemental Compensation Act of 1982, and for other purposes.House: no recorded tallySenate: no recorded tally
- Tax Reform Act of 1986House: no recorded tallySenate: no recorded tally
- Omnibus Budget Reconciliation Act of 1987House: no recorded tallySenate: no recorded tally
- Balanced Budget Act of 1997
- American Recovery and Reinvestment Act of 2009
- Families First Coronavirus Response Act
- Consolidated Appropriations Act, 2021House: no recorded tallySenate: no recorded tally
- American Rescue Plan Act of 2021