NY Lab L § 552-A (2021)
2021 New York Laws LAB - Labor Article 18 - Unemployment Insurance Law Title 4 - Unemployment Funds 552-A - Re-Employment Service Fund.

§ 552-a. Re-employment service fund. 1. There is hereby established in the  joint  custody  of the commissioner of taxation and finance and the state comptroller a fund to  be  known  as  the  "re-employment  service fund".   2.  The  re-employment  service  fund  shall  consist  of  all  moneys collected and received by the commissioner from  employers  pursuant  to section  five  hundred  eighty-one-b of this article as well as interest and penalties associated with such collection. All moneys  collected  as contributions and interest relating to re-employment services under this article  shall  be deposited in a bank, trust company or industrial bank designated by the  state  comptroller.  Moneys  so  deposited  shall  be credited  immediately  to  the account of the re-employment service fund and shall be used for the purposes set forth  in  section  five  hundred ninety-eight of this article. Moneys in such fund may be invested by the state   comptroller   in  accordance  with  the  provisions  of  section ninety-eight of the state  finance  law,  and  shall  be  used  for  the purposes  specified  herein. Any balance in such fund shall not lapse at any time but shall remain  continuously  available  for  such  purposes, provided,  however, that it shall be subject to the crediting provisions of subdivision five of this section.   3. Moneys in the re-employment service fund  shall  be  kept  separate from and shall not be commingled with any other moneys in the custody of the  commissioner of taxation and finance and the state comptroller. All deposits of such moneys shall, if required by the state comptroller,  be secured  by  obligations of the United States or of this state of market value equal at all times to the amount of the deposit and all banks  and trust  companies  are  authorized  to  give  such  securities  for  such deposits.   4. Moneys of the fund shall be used exclusively  for  the  purpose  of providing  additional  automated  systems  and staff to provide enhanced re-employment  services   and   claimant   management   activities   for unemployment  compensation  claimants  and for the payment of associated administrative costs relating to  unemployment  compensation  claimants. The moneys shall be paid out of the fund on the audit and warrant of the state comptroller on vouchers certified or approved by such commissioner or his or her duly designated officer.   5.  The  re-employment  service  fund shall not be used in whole or in part for any purpose or  in  any  manner  which  (a)  would  permit  its substitution  for,  or  a corresponding reduction in, federal funds that would be available in  its  absence  to  finance  expenditures  for  the administration  of  this  article;  or  (b)  would cause the appropriate agency of the United States  government  to  withhold  any  part  of  an administrative grant which would otherwise be made.   6.   On   or  before  January  thirty-first,  two  thousand  one,  the commissioner shall submit a report to the chairman of the assembly  ways and  means  committee,  the ranking minority member of the assembly ways and means committee, the chairman of the senate finance  committee,  the ranking  minority  member  of  the  senate  finance  committee,  and the director of the division  of  the  budget  regarding  the  re-employment services  fund  established  pursuant  to this section. The report shall contain the following information:  (a) the amount of money deposited in the re-employment  services  fund for each year of its existence;  (b)   the   number   of   department   employees  funded  through  the re-employment services fund;  (c) the results of the activities engaged in by  department  employees funded through the re-employment services fund.