S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4420
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 4, 2021
                                ___________
 
 Introduced  by M. of A. RA -- read once and referred to the Committee on
   Labor
 
 AN ACT to amend the labor law, in relation to requiring  the  department
   of  labor to collect and report certain information regarding requests
   from the governor or his or her authorized agent for federal Title XII
   advances for the state unemployment trust fund

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Section  550  of the labor law is amended by adding a new
 subdivision 5 to read as follows:
   5. (A) THE DEPARTMENT  SHALL  COLLECT  THE  FOLLOWING  DATA  REGARDING
 REQUESTS  FROM  THE  GOVERNOR OR HIS OR HER AUTHORIZED AGENT FOR FEDERAL
 TITLE XII ADVANCES FOR THE STATE UNEMPLOYMENT TRUST FUND,  AS  PERMITTED
 BY SECTION 1201 OF THE FEDERAL SOCIAL SECURITY ACT, AND COMPILE A REPORT
 THAT INCLUDES THE FOLLOWING:
   (I)  THE  TOTAL  DOLLAR AMOUNT REQUESTED BY THE GOVERNOR OR HIS OR HER
 AUTHORIZED AGENT FOR FEDERAL TITLE XII ADVANCES PURSUANT TO SECTION 1201
 (A)(1)(A) OF THE FEDERAL SOCIAL SECURITY ACT;
   (II) THE ADVANCE REQUESTED FOR EACH INDIVIDUAL MONTH OF THE THREE-CON-
 SECUTIVE-MONTH LOAN PERIOD AS REQUIRED BY SECTION 1201 (A)(1)(A) OF  THE
 FEDERAL SOCIAL SECURITY ACT;
   (III)  THE CURRENT INTEREST RATE APPLIED TO ANY STATE ADVANCE RECEIVED
 BY THE GOVERNOR OR HIS OR HER AUTHORIZED AGENT AS DEFINED BY THE  UNITED
 STATES GOVERNMENT OR ITS AGENT;
   (IV)  A  DESCRIPTIVE LIST OF THE REASON OR REASONS THE GOVERNOR OR HIS
 OR HER AUTHORIZED AGENT REQUESTED SUCH STATE ADVANCE;
   (V) ANY SUPPLEMENTAL OR AMENDED REQUESTS FOR ADVANCES IN ANY MONTH  IN
 WHICH  IT  IS DETERMINED THAT THE PREVIOUSLY APPROVED AMOUNT IS INSUFFI-
 CIENT TO MEET BENEFIT PAYMENT OBLIGATIONS;
   (VI) THE ANTICIPATED REPAYMENT DATE OF ANY STATE ADVANCE  RECEIVED  BY
 THE GOVERNOR OR HIS OR HER AUTHORIZED AGENT;
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD08073-01-1

 A. 4420                             2
 
   (VII)  A  DESCRIPTIVE LIST OF THE IMPACT ON EMPLOYERS THAT THE STATE'S
 FAILURE TO REPAY SUCH LOAN WOULD HAVE ACCORDING  TO  FEDERAL  TITLE  XII
 ADVANCES  IN RELATION TO THE REDUCTION OF THEIR FEDERAL UNEMPLOYMENT TAX
 ACT (FUTA) TAX; AND
   (VIII)  ANY  OTHER  INFORMATION THE COMMISSIONER MAY DEEM NECESSARY TO
 INCLUDE IN SUCH REPORT.
   (B) THE DEPARTMENT SHALL SUBMIT  SUCH  REPORT  TO  THE  GOVERNOR,  THE
 SPEAKER  OF  THE  ASSEMBLY,  THE  TEMPORARY PRESIDENT OF THE SENATE, THE
 ASSEMBLY MINORITY LEADER, THE SENATE MINORITY LEADER, THE CHAIRPERSON OF
 THE ASSEMBLY WAYS AND MEANS COMMITTEE AND THE CHAIRPERSON OF THE  SENATE
 FINANCE COMMITTEE NO LATER THAN THIRTY DAYS AFTER THE GOVERNOR OR HIS OR
 HER  AUTHORIZED  AGENT SUBMITS A REQUEST FOR A FEDERAL TITLE XII ADVANCE
 FROM THE UNITED STATES SECRETARY OF LABOR, AND SHALL CONTINUE TO  REPORT
 THE   INFORMATION  REQUIRED  BY  THIS  SUBDIVISION  ANNUALLY  UNTIL  THE
 OUTSTANDING FEDERAL TITLE XII ADVANCE IS REPAID IN FULL.
   § 2. This act shall take effect immediately.