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§ 11-10-1002. Legislative findings and intent

AR Code § 11-10-1002 (2018) (N/A)
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(1) With a recession or economic slowdown now underway, the state's unemployment trust fund faces higher claims levels and longer benefit durations that accompany any economic downturn;

(2) The Arkansas Unemployment Trust Fund:

(A) Provides partial wage replacement to workers who find themselves out of work;

(B) Provides economic stability for a community when major unemployment occurs; and

(C) Encourages workers to remain in the community and to be available for work recalls by employers;

(3) The state is in debt to the federal government for unemployment funds paid to citizens of the State of Arkansas; and

(4) The bonds should be payable from revenues raised by an unemployment obligation assessment.

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