45 U.S.C. § 364 — District of Columbia account, transfer of funds to railroad unemployment insurance account

submitted 88 years ago by ch. 680 to r/title-45-RAILROADS · 72 words · no verdicts yet

in plain englishAI-generated · not legal advice

The Treasury Secretary must transfer money from the District of Columbia's unemployment trust fund account into the railroad unemployment insurance account. The amount transferred equals the District's calculated "preliminary amount" and "liquidating amount" under section 363. This happens once those amounts are determined for the District.

The Secretary of the Treasury is required to transfer money from the District of Columbia's account in the unemployment trust fund into the railroad unemployment insurance account, which is also part of the unemployment trust fund. The transfer covers two amounts: one equal to the District's "preliminary amount" and one equal to its "liquidating amount." Both of these amounts are calculated for the District under section 363 of this title, and the transfer happens once each amount has been determined.

the actual law source: uscode.house.gov ↗public domain

The Secretary of the Treasury is authorized and directed to transfer from the account of the District of Columbia in the unemployment trust fund to the railroad unemployment insurance account in the unemployment trust fund, an amount equal to the “preliminary amount” and an amount equal to the “liquidating amount”, whenever such amounts, respectively, have been determined, with respect to the District of Columbia, pursuant to section 363 of this title.

Source credit: (June 25, 1938, ch. 680, § 14(b), 52 Stat. 1113.)

history & why it existsrecord from the source credit

1938Enacted · Act of June 25, 1938, ch. 680 · 52 Stat. 1113

A history note hasn’t been published yet. The record shows enactment by ch. 680 on 1938-06-25.

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