§ 403. Appropriation to railroad unemployment insurance account; transfer and repayment of funds; interest

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 1961

   Temporary Extended Railroad Unemployment Insurance Benefits Act of 1961

   Pub. L. 87–7 § 4 · 75 Stat. 16

   Enacted · 45 U.S.C. § 403

   Pub. L. 87–7, § 4, Mar. 24, 1961, 75 Stat. 17

   Source evidence

   Code source credit
   Pub. L. 87–7, § 4, Mar. 24, 1961, 75 Stat. 17

   Enacted provision · exact public law section
   Sec. 4. There are hereby authorized to be appropriated to the railroad Appropriation. unemployment insurance account, without fiscal year limitation, such amounts as may be necessary to carry out the provisions of this Act. 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 Act. Amounts so transferred shall be repayable advances without interest. Such repayable advances shall be repaid by transfers, from the railroad unemployment insurance account to the general fund of the Treasury, at such times as the amount in the railroad unemployment insurance account derived from the increased contributions provided for in section 5 of this Act is determined by the Secretary of the Treasury, in consultation with the Railroad Retirement Board, to be adequate for such purpose.

2. 1963

   Pub. L. 88–133 title III § 303(c) · 77 Stat. 219

   Repealed · 45 U.S.C. § 403

   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 L. 88–133 repealed provision for repayment of advances by transfers from account to general fund of Treasury when funds of account derived from increase in employers’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

   Source evidence

   Code amendment note
   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 L. 88–133 repealed provision for repayment of advances by transfers from account to general fund of Treasury when funds of account derived from increase in employers’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.

   Enacted provision · exact public law section
   (c) The last sentence of section 4 of the Temporary Extended Railroad Unemployment Insurance Benefits Act of 1961 is hereby repealed, effective with respect to contributions collected on compensation paid after December 31, 1963.

   Effective date note
   Pub. L. 88–133, title III, § 303(c), Oct. 5, 1963, 77 Stat. 222, provided that the amendment made by such section 303(c) is effective with respect to contributions collected on compensation paid after Dec. 31, 1963.

2 of 2 references resolved to an enrolled provision