The Unemployment Trust Fund (UTF): State Insolvency and Federal Loans to States

Whittaker, Julie M.

Library of Congress. Congressional Research Service.

关键词: Public debt;    State and local government;    State budgets;    Intergovernmental fiscal relations;   

RP-ID  :  RS22954
RP-ID  :  RS22954_2018Feb26

美国|英语

来源: UNT Digital Library

【 摘 要 】

This report discusses the Unemployment Trust Fund (UTF) and summarizes how insolvent states may borrow funds from the UTF loan account to meet their UC benefit obligations. It includes the manner in which states must repay federal UTF loans. It also provides details on how the UTF loans may trigger potential interest accrual and explains the timetable for increased net Federal Unemployment Taxes Act (FUTA) taxes if the funds are not repaid promptly.