Maryland Statutes
Part I - Unemployment Insurance Fund
Section 8-407 - Federal Advances

(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.

Structure Maryland Statutes