SF0059

Official summary

Bill Summary - 24LSO-0376 Bill No.: SF0059 Effective: 1/1/2025 LSO No.: 24LSO-0376 Enrolled Act No.: SEA No. 0011 Chapter No.: 44 Prime Sponsor: Joint Appropriations Committee Catch Title: Federal unemployment compensation trust fund-adjustment. Has Report: No Subject: Distribution of unemployment compensation adjustment factor. Summary/Major Elements: Under existing law, revenue collected by the Department of Workforce Services for noncharged and ineffectively charged benefits through the Unemployment Compensation Program is distributed as follows: sixty percent (60%) to the federal Unemployment Compensation Fund and forty percent (40%) to the state Employment Support Fund. This act changes the distribution to provide twenty percent (20%) to the federal Unemployment Compensation Fund, sixty percent (60%) to the state Employment Support Fund and twenty percent (20%) to the state Workforce Development Training Fund. Comments: Has a Delayed Effective Date. The above summary is not an official publication of the Wyoming Legislature and is not an official statement of legislative intent. While the Legislative Service Office endeavored to provide accurate information in this summary, it should not be relied upon as a comprehensive abstract of the bill.