Source: https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title45-section360&num=0&edition=prelim
Timestamp: 2020-08-09 03:25:17
Document Index: 651207783

Matched Legal Cases: ['§ 360', '§360', '§10', '§13', '§1', '§7', '§308', '§305', '§205', '§205', '§403', '§1', '§302', '§4', '§2', '§3', '§3', '§13302', '§7103', '§8', '§7102', '§1', '§1', '§305', '§308']

[USC02] 45 USC 360: Railroad unemployment insurance account
<< Previous TITLE 45 / CHAPTER 11 / § 360 Next >>
45 USC 360: Railroad unemployment insurance account Text contains those laws in effect on August 7, 2020
§360. Railroad unemployment insurance account
The Secretary of the Treasury shall maintain in the unemployment trust fund established pursuant to section 1104 of title 42 an account to be known as the railroad unemployment insurance account. This account shall consist of (i) such part of all contributions collected pursuant to section 358 of this title as is in excess of 0.65 per centum of the total compensation on which such contributions are based, together with all interest collected pursuant to section 358(g) 1 of this title; (ii) all amounts transferred or paid into the account pursuant to section 363 or section 364 of this title; (iii) all additional amounts appropriated to the account in accordance with any provision of this chapter or with any provision of law now or hereafter adopted; (iv) a proportionate part of the earnings of the unemployment trust fund, computed in accordance with the provisions of section 1104(e) of title 42; (v) all amounts realized in recoveries for overpayments or erroneous payments of benefits; (vi) all amounts transferred thereto pursuant to section 361 of this title; (vii) all fines or penalties collected pursuant to the provisions of this chapter; and (viii) all amounts credited thereto pursuant to section 352(f) or section 362(g) of this title. Notwithstanding any other provision of law, all moneys credited to the account shall be mingled and undivided, and are permanently appropriated to the Board to be continuously available to the Board without further appropriation, for the payment of benefits and refunds under this chapter, and no part thereof shall lapse at any time, or be carried to the surplus fund or any other fund.
(June 25, 1938, ch. 680, §10 (less (e)–(g)), 52 Stat. 1104 ; June 20, 1939, ch. 227, §13, 53 Stat. 848 ; 1940 Reorg. Plan No. III, §1(a)(1), eff. June 30, 1940, 5 F.R. 2107, 54 Stat. 1231; June 23, 1948, ch. 608, §7, 62 Stat. 578 ; Pub. L. 86–28, pt. III, §308(a), May 19, 1959, 73 Stat. 32 ; Pub. L. 88–133, title III, §305, Oct. 5, 1963, 77 Stat. 223 ; Pub. L. 89–700, title II, §205, Oct. 30, 1966, 80 Stat. 1087 ; Pub. L. 90–257, title II, §205, Feb. 15, 1968, 82 Stat. 24 ; Pub. L. 93–445, title IV, §403, Oct. 16, 1974, 88 Stat. 1359 ; Pub. L. 94–92, title I, §1(i), Aug. 9, 1975, 89 Stat. 464 ; Pub. L. 98–76, title III, §302, Aug. 12, 1983, 97 Stat. 432 ; Pub. L. 99–107, §4, Sept. 30, 1985, 99 Stat. 479 ; Pub. L. 99–155, §2(c), Nov. 14, 1985, 99 Stat. 814 ; Pub. L. 99–181, §3, Dec. 13, 1985, 99 Stat. 1172 ; Pub. L. 99–189, §3, Dec. 18, 1985, 99 Stat. 1184 ; Pub. L. 99–272, title XIII, §13302, Apr. 7, 1986, 100 Stat. 327 ; Pub. L. 100–647, title VII, §7103(b)(1), Nov. 10, 1988, 102 Stat. 3770 ; Pub. L. 108–271, §8(b), July 7, 2004, 118 Stat. 814 .)
Section 358(g) of this title, referred to in subsec. (a), was redesignated section 358(j) of this title by Pub. L. 100–647, title VII, §7102(d)(1), Nov. 10, 1988, 102 Stat. 3769 .
This chapter, referred to in subsecs. (a), (b), and (d), was in the original "this Act", meaning act June 25, 1938, ch. 680, 52 Stat. 1094 , which enacted this chapter and amended sections 503 and 1104 and former section 1107 of Title 42, The Public Health and Welfare. For complete classification of this Act to the Code, see section 367 of this title and Tables.
1986-Subsec. (d). Pub. L. 99–272 struck out at end "No transfer shall be made under this subsection from Railroad Retirement Account after December 19, 1985, and no such transfer shall be made on or before December 19, 1985, for purposes of paying benefits and refunds due after such date."
1985-Subsec. (d). Pub. L. 99–189 substituted "December 19, 1985" for "December 18, 1985" wherever appearing.
Pub. L. 99–181 substituted "December 18, 1985" for "December 14, 1985" wherever appearing.
Pub. L. 99–155 substituted "December 14, 1985" for "November 14, 1985" wherever appearing.
Pub. L. 99–107 substituted "November 14, 1985" for "September 30, 1985" wherever appearing.
1983-Subsec. (d). Pub. L. 98–76 inserted provisions that no transfer shall be made under this subsection from Railroad Retirement Account after September 30, 1985, and no such transfer shall be made on or before September 30, 1985, for purposes of paying benefits and refunds due after such date.
1975-Subsec. (a)(i). Pub. L. 94–92, §1(i)(1), substituted "0.5" for "0.25".
Subsec. (a)(ii). Pub. L. 94–92, §1(i)(2), struck out "and pursuant to subsection (h)[e] of this section". Congress probably intended to strike out internal reference to subsec. (e) of this section in view of repeal of subsection by section 403 of Pub. L. 93–445 and it being last subsection of section.
1974-Subsec. (e). Pub. L. 93–445 repealed subsec. (e) which was added by Pub. L. 90–257 as subsec. (h) and redesignated (e) for purposes of codification, and which provided for annual adjustment of account and transfer of funds from Railroad Retirement Account.
1968-Subsec. (a)(ii). Pub. L. 90–257 inserted reference to amounts transferred or paid into account pursuant to subsec. (e) of this section.
1963-Subsec. (d). Pub. L. 88–133 substituted "a rate for each fiscal year equal to the average rate of interest borne by all special obligations held by the Railroad Retirement Account on the last day of the preceding fiscal year, rounded to the nearest multiple of one-eighth of 1 per centum" for "the rate of 3 per centum per annum."
1959-Subsec. (d). Pub. L. 86–28 substituted provisions authorizing Board to request transfer and retransfer of funds for provisions which directed Secretary of the Treasury to advance not more than $25,000,000 for purpose of paying benefits.
1948-Subsec. (a)(i). Act June 23, 1948, changed computation of insurance account.
1939-Subsec. (a). Act June 20, 1939, substituted "(f)" for "(g)".
Pub. L. 88–133, title III, §305, Oct. 5, 1963, 77 Stat. 223 , provided that the amendment made by section 305 is effective after June 30, 1964.
Pub. L. 86–28, pt. III, §308(b), May 19, 1959, 73 Stat. 33 , provided that: "The amendment made by this section [amending this section] shall take effect on the date of enactment of this Act [May 19, 1959]."
"Fiscal Service" substituted for "Division of Disbursements" in two places in subsec. (b) on authority of section 1(a)(1) of Reorg. Plan No. III of 1940, eff. June 30, 1940, 5 F.R. 2107, 54 Stat. 1231, set out in the Appendix to Title 5, Government Organization and Employees, which consolidated such division into Fiscal Service of Treasury Department. See section 306 of Title 31, Money and Finance.