Md. Code, Lab. & Empl. § 8-407

Current with changes from the 2024 Legislative Session effective on or before 7/1/2024, from Chs.. 2 through 1049
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.

Md. Code, LE § 8-407