§ 1321.
Eligibility requirements for transfer of funds; reimbursement by State; application; certification; limitation
(b)
The Secretary of the Treasury shall, prior to audit or settlement by the Government Accountability Office, transfer in monthly installments from the Federal unemployment account to the account of the State in the Unemployment Trust Fund the amount certified under subsection (a) by the Secretary of Labor (but not exceeding that portion of the balance in the Federal unemployment account at the time of the transfer which is not restricted as to use pursuant to
section 1103(b)(1) of this title). The amount of any monthly installment so transferred shall not exceed the amount estimated by the State to be required for the payment of compensation for the month with respect to which such installment is made.
). The amount of any monthly installment so transferred shall not exceed the amount estimated by the State to be required for the payment of compensation for the month with respect to which such installment is made.
([Aug. 14, 1935, ch. 531], title XII, § 1201, as added [Oct. 3, 1944, ch. 480], title IV, § 402, [58 Stat. 790]; amended [Aug. 6, 1947, ch. 510, § 5(b)], [61 Stat. 794]; 1949 Reorg. Plan No. 2, § 1, eff. Aug. 19, 1949, 14 F.R. 5225, [63 Stat. 1065]; [Aug. 28, 1950, ch. 809], title IV, § 404(a), [64 Stat. 560]; [Aug. 5, 1954, ch. 657, § 3], [68 Stat. 671]; [Pub. L. 86–778, title V, § 522(a)], Sept. 13, 1960, [74 Stat. 978]; [Pub. L. 94–566, title II, § 213(a)]–(c), Oct. 20, 1976, [90 Stat. 2677]; [Pub. L. 97–35, title XXIV, § 2407(b)(1)], Aug. 13, 1981, [95 Stat. 880]; [Pub. L. 108–271, § 8(b)], July 7, 2004, [118 Stat. 814].)