Relates to moneys to be credited to the general account of the unemployment insurance fund

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Relates to moneys to be credited to the general account of the unemployment insurance fund

Relates to moneys to be credited to the general account of the unemployment insurance fund Specifies that moneys credited to the state pursuant to section nine hundred one of the federal social security act are to be credited to the general account of the unemployment insurance fund.

What This Bill Does

• Relates to moneys to be credited to the general account of the unemployment insurance fund Specifies that moneys credited to the state pursuant to section nine hundred one of the federal social security act are to be credited to the general account of the unemployment insurance fund.

Limits and Unknowns

• This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Official Summary Text

Relates to moneys to be credited to the general account of the unemployment insurance fund
Specifies that moneys credited to the state pursuant to section nine hundred one of the federal social security act are to be credited to the general account of the unemployment insurance fund.

Current Bill Text

S T A T E   O F   N E W   Y O R K
        ________________________________________________________________________

                                          9904

                                    I N  S E N A T E

                                     April 13, 2026
                                       ___________

        Introduced  by  Sen. RAMOS -- (at request of the Department of Labor) --
          read twice and ordered printed, and when printed to  be  committed  to
          the Committee on Labor

        AN  ACT  to amend the labor law, in relation to moneys to be credited to
          the general account of the unemployment insurance fund

          THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
        BLY, DO ENACT AS FOLLOWS:

     1    Section  1.  Subparagraph  (a)  of subdivision 1 of section 577 of the
     2  labor law is amended by adding a new subparagraph 10 to read as follows:
     3    (10) MONEYS CREDITED TO THIS STATE PURSUANT TO  SECTION  NINE  HUNDRED
     4  ONE OF THE FEDERAL SOCIAL SECURITY ACT.
     5    § 2. This act shall take effect immediately.








         EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15058-01-6